Horn is 30 years old and the mother of two school-age children. She and her husband cultivate various types of crops; they primarily grow rice in the Baray District of the Kompong Tom Province. This couple is able to generate an income of 10 USD per day (estimate provided by the credit officer). Horn has been operating this business for many years and has become an experienced farmer who can manage her business successfully.
Horn would like to make an enhancement to her farm business, which is the reason she is requesting a loan of 2,000,000 KHR. The loan will be used to pay for labor costs, buy seeds and chemical fertilizers for the soil. These inputs will greatly assist in ensuring good nutrition for the crops and the production of an abundant harvest in the coming season.
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.