Due to the high cost of commodities and school fees, Phorn and her spouse discussed establishing a supplementary business to uplift their family from poverty. As a result, Phorn’s husband wants to start a transportation business. To make this plan viable, Phorn has requested a loan of 700 USD to purchase a motorcycle. She believes that their income will increase as they try to work harder. She will utilize it for food and allowances for her children.
About HKLHattha 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.
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Success!! The loan was 100% repaid