Kun would like to have a loan through HKL, a longstanding Kiva partner, to renovate her house, which is partly decayed due to age. She will pay for the construction costs and purchase needed materials for her house. With the positive impact of the loan, Kun surely believes that she will have a suitable house that satisfies her living needs. In the future, Kun plans to have a general store where she can launch her commercial activities and better her income.
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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