Lim is happy because she has a supportive husband who helps her manage most of the maintenance of the rice field. Together, they agreed to continue sending their children to school so that they can earn degrees and become professionals someday. Lim believes that education is one of the most important tools to alleviate poverty.
As of now, Lim is taking out a loan from HKL, a longstanding Kiva partner, to purchase timbers and construction supplies to repair and expand her house. She hopes to receive the loan from lenders to improve her family’s living condition. In the coming years, Lim plans to save money to purchase an extra plot of farmland to increase her rice output.
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