Bin is a 62-year-old married woman who has been residing in a small village of Baray district with some of her children. She has three married children and two single children. Bin is in the business of cultivating rice on her two-hectare inherited farmland. From this business, she is able to generate an income of approximately 2 USD per day. Bin is very professional in her career because she has been doing this for ages. Some of her children also help with the maintenance of the rice field and one is running a retail clothes store in a market in Phnom Penh. Recently, Bin’s daughter’s stock of clothes is decreasing and thus the number of frequent customers is also decreasing. In order to sustain this business, she has to restore her stock again. But due to the lack of funds, Bin would like to take out a loan of 1,000 USD to purchase used clothes for her daughter's retail shop. This loan will allow Bin’s daughter to maintain her customers and to keep developing her business. In the future, Bin hopes to expand both her farming business and the retail business of her daughter.
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.