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Net
Net is 74 years old. He has had loans from HKL two times already and has successfully finished paying back his previous loans in full. He was satisfied with the outcome of the loan because his harvest is growing very well. Now he is coming to the HKL office again to request another loan, which will be used to establish a new retail business for his household. His wife and one of his children will be responsible for running this grocery store that is located at their home. Net, with the support of this loan, will buy stock inventory such as noodles, spices, sweets, beverages, laundry detergent, shampoos, and other miscellaneous household items. He believes that, through the investment, he will be able to earn more profit and improve his living standard. In the future, he intends to gradually develop his current businesses and make some home improvements.

Additional Information

About HKL

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.

About Cambodia

  • $2,600
    Average annual income
  • 108
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Net to buy stock inventory such as noodles, spices, sweets, beverages, laundry detergent, shampoos, and other miscellaneous household things.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014