Soum is 57 years old and owns around two hectares of farmland for cultivating rice as the major source of his income. He has been operating this type of business for almost 20 years, and his wife is a good supporter through farming practices. Soum is responsible for four children, two of whom are already married while the other two are single and have their jobs to help the family financially. Soum is agreeable to doing hard work at the fields because it is a way to earn a moral income for a lowly-educated man like himself.
Soum would like to apply some farm supplies to ensure a plentiful harvest this coming season, so he is requesting a loan of 800,000 KHR to supplement his capital to buy fertilizers and pesticides for good growth of his rice crops. He hopes that through this loan and experience from daily work, he can yield a better harvest than in previous years.
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.