Siek is 39 years old and an industrious father of two school-aged children. A goldsmith, Siek provides services to his customers from a rented booth, where he typically generates an average of 6 USD each day to satisfy his family’s living needs. He has been in this occupation for almost seven years. Siek thanks his wife that she always supports him in finding ways to earn income. Siek and his wife are raising and educating their two children in Dongkor district, Phnom Penh.
Siek would like to set up a retail business for his wife. Due to lack of capital, he is asking for a loan of 500 USD to purchase grocery items such as noodles, snacks, spices, canned food, and beverages to sell in the shop. This generous loan amount will help Siek and his wife start up a new business. They hope for a better income through it and to be able to provide good living conditions for their children.
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.