Tim is 44 years old and married with four children, three of whom are married and one who is single. Tim is a conscientious mother who runs a farming business in the small village of Kompong Speu province. She has had this occupation for almost 30 years. Earnings from her current business are just enough to meet her daily living needs, especially food that is very quickly consumed. Rice farming is the sole source of her income, which is why Tim aims to improve it gradually so that she can increase income for the whole family. In this way, Tim plans to purchase an extra plot of farmland to expand her production.
Due to a shortage of capital, Tim is taking out a loan of $800 to buy a piece of farmland. She is hoping that this loan will make it possible for her to improve her farming business. She would appreciate it if she could have the loan for her second time.
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.