Nov and her family completely depend upon rice farming. She has been cultivating rice as her major source of income for over 24 years. She primarily grows rice on her 2.5 hectares of farmland, and sells it to local traders in her village for profit each harvest season. She usually generates approximately 5.00 USD per day, which goes for her daily sustenance, allowances for her school-aged child, and other commodity costs. Nov is 43 years of age, married, and a mother of three children, two of whom are employed while the last-born child is still a student.
Nov is asking for a loan that will surely help improve her farming business. She would like to acquire a 700 USD loan to purchase fertilizers and pesticides for her rice crops. With her profit from this investment, she will reinvest it back to a new cycle of crops growing and send her child to join a university program in Phnom Penh.
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.