Sok really needs some capital for personal construction needs because his present house is not sufficiently strong to live in. He will use the requested loan to purchase construction supplies and necessary tools to start fixing his house. This will help Sok and his family have a suitable house that provides them with a comfortable life and shelters them from the weather. In the future, Sok plans to operate a micro pig-raising business to earn additional income for the household.
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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