Phon, age 65, lives in the Pouk district of Kompong Tom province. She earns an income by making and selling bamboo baskets. She and her husband have eight children, four of whom are grown and have their own families. The younger four live at home and usually assist Phon in making the baskets, a skill taught to them by Phon. Typically, Phon is able to generate approximately 8.00 USD per day through this business.
Phon has decided to borrow funds from HKL, a partner of Kiva since 2008, in order to start up and operate a small pig-fattening business behind her house. She will build a wooden pigpen and buy five pigs to keep in it. This will increase the family income and provide a more stable life. She will use it to build a wooden pigpen and buy five pigs to keep in it. Phon’s dream is to provide a quality of life to her children.
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.