Phoeurn is 33 years old. He has been a motorcycle broker for many years. In the market place, he seeks clients to buy and sell second-hand motorcycles. His income is based on how he can find the clients to buy motorcycles he bought. Some days he can earn a good income but some days not. For broken motorcycles he bought, he must repair them first before selling to other people, so that he can sell them in a profitable price. For his current business, he earns an income around $3.50 each day to meet daily expenses.
In order to generate more profits, he intends to purchase a new tuk tuk (a motorcycle-based taxi) in order to provide transportation to sewing workers in and around his community. Because he does not have enough money, Phoeurn has decided to ask for a loan from Kiva through HKL to add to his personal savings so that he can buy a new tuk tuk for his transportation service.
Phoeurn is married to Yann, a 34-year-old woman who is a garment worker. The couple is blessed with two children who are enrolled in school.
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.