Nut needs to change her thatched wall because it is very old and beginning to decay. That’s why she is asking for a loan in the amount of 4,000,000 KHR to purchase a new thatched wall and make some home renovations. She hopes to protect her family from bad weather and provide them a proper shelter to live in. She appreciates the support from lenders and she promises to pay the loan back honestly as she has been with HKL for four loan cycles and has successfully paid off all of her loans.
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