Recently, Hem and his team are constructing his house, yet Hem doesn’t have enough capital to purchase necessary supplies for the construction. For this reason, he is applying for a loan of 1,200 USD to purchase construction supplies and also pay for labor fees. He hopes that in the near future, he and his family will have a suitable house to live in. He is happy because he can help his children with their living needs and be a good father.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid