As shown in the photo, Chuon’s house is becoming too old and most of its parts are broken. That leads her family into a hard living situation. Chuon wants to rebuild this house again with her savings, but it won’t be enough for the entire expenses. Therefore, she is asking for this loan to buy construction supplies and hire workers for constructing her house.
She is very happy and appreciates that lenders treat her family in a generous way.
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