Um is married with three children who are all attending school. He is 32 years old and lives in Kampong Chhnang province with his family. Um is a farmer and grows rice crops to generate his livelihood. He has been doing this for almost 17 years, yielding around 12,000 KHR each day. To supplement this income, Um’s wife works in a local garment factory where she can earn a decent salary to support their living costs.
Um would like to start up a hog-raising business but due the shortage of funds he has requested additional capital of 250 USD to purchase piglets and feed, and vegetable seeds to plant. This will be his first loan from HKL; he hopes that the loan will be approved so that he can further improve his living conditions. Um will save a portion of his earnings to pay the future costs of his children’s 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.