To earn a living, she is in the business of selling fish in a local market in the city. She has been engaged in this business since 2005 and she notes that she has many loyal customers. Noth’s husband is a driver for a bus company, which allows him to earn a decent income but which causes him to be away from home most of the time.
Now, Noth is seeking her first loan from HKL and Kiva, which she will use to buy necessary construction supplies to expand her present house. She has already hired local construction laborers to perform this task. She plans on enlarging her present store because it is not large enough to operate her business out of. In addition, she will use the loan proceeds to ensure that her children receive a good education.
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