At present, Pho would like to have a loan from Kiva lenders to help him in building a ground floor room made of bricks. He will use the loan to purchase a door along with its frame for the room. Also he will use the remaining funds to enhance his car and motorcycle wash business.
Pho hopes to have his business as well as his living conditions improved and make more revenue, which he will use for future emergencies and his children’s education.
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