Kin is 41 years old and has six children. She is farmer who grows crops, especially rice, on a few lots of farmland alongside her spouse. She has been in this business for more than 20 years, usually earning an income of 6,000 KHR each day. Her business is somewhat tiring, but it is a great help in bringing up her children, some of whom need daily school allowances. Through her patience and hard work, she hopes to improve her business and, some day, to experience good living conditions.
Kin wants to grow various kinds of beans on her farmland, to add to the income she generates from growing rice. But, because of her reduced level of income, she would like to take out a loan of 1,700,000 KHR to purchase the necessary seeds and supplies. Her revenue from this investment will go for her children’s education, and she will reinvest a portion of that revenue in her farming business for increased growth.
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.