At this time, Prom is preparing to build her own house and she needs more funds to complete the construction. Fortunately, her husband is a construction worker and will gather his own team to perform the work. As a result, she will pay less for the labor needed to complete the work.
She has requested a loan in the amount of $700 to purchase timber and other materials necessary for construction. Prom hopes to receive this loan and promises to pay it back on time.
About HKLHattha Kaksekar Limited is one of the largest and most successful microfinance institutions (MFIs) in Cambodia. The organization provides microfinance services to the poor, particularly women, in urban and rural areas. Kiva lenders’ funds will be used to expand the outreach of HKL’s financial services to a greater number of clients in rural areas of Cambodia.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid