Mr. Hok, age 39, is the father of two single children. He sells firewood, which he collects from the forest and buys in bulk from his frequent suppliers. He uses an old trailer hauled by buffaloes. He typically earns around $5.60 per day. In order to satisfy their needs, Hok’s wife helps him earn income by raising some piglets in a wooden piggery at home.
Now Hok would like to borrow his first loan from Kiva to purchase a used motorcycle for household usage because he doesn’t have a motorbike yet. As a result, he always walks to near distant places and takes a motor-taxi to far distant areas. For his business plan, Hok wants to expand his farming business and buy additional farming machines like a threshing machine, plowing machine, etc.
Hattha 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.