Roeun is a 31-year-old mother who is working very hard because she wishes to experience a better living standard. She manages a rice farming business in Batey district of Kompong Cham province. Her husband is also working in the same fields to provide basic needs for their children. Together, this couple has given birth to two children who are still at school.
Roeun aims to help her children in their education until they finish their university degree, so she has to generate more income to save gradually from this present time onwards. As a result, she would like to obtain a loan in the amount of 1,000,000 KHR to add to her savings to establish a new business – she will purchase merchandise such as snack foods, sweets, shampoos, spices, canned items, noodles, beverages, and other miscellaneous household things to sell from her own house. Roeun hopes to yield a better income from this type of business, so that she can save more for her children’s future education.
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.
A loan of $250 helped Roeun to purchase merchandise such as snack foods, sweets, shampoos, spices, canned items, noodles, beverages, and other miscellaneous household things to sell from her own house.