Khoem is a 44-year-old, married woman and lives in Kompong Cham Province. Khoem has four adult children, some of whom are currently employed in Phnom Penh and help the family financially.
Though her children provide financial assistance to Khoem, she does not rely on the remittance of her children. She has been in the rice farming business for almost 30 years and it’s the sole source of her income.
Khoem would like to improve her farming business and ensure a good harvest, so she is asking for a loan in the sum of 1,200,000 KHR to purchase farm inputs needed for her rice field and pay for labor costs incurred in transplanting rice. This loan will enable her to complete her farm work on time. Eventually, she hopes that she can yield higher production from the rice field.
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.