At this time, Kang would like to renovate his house partially in order to keep his family in good conditions. Due the lack of capital, he is now asking for a loan in the sum of 1,500 USD to pay for construction costs and to purchase construction materials such as window frames, planks of wood and nails. In the future, Kang hopes to make improvements in farming business and help his children in their education. He promises to pay back his loan in full.
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