Yem is a hard-working and honest man, who is married to a garment worker. Together, they reside in Dongkor district, Phnom Penh, and they are responsible for two children. Yem, age 38, devotes his time to working as a laborer in the construction industry. He normally gets his wage daily, approximately earning USD 5.00 per day. His income usually goes for food, home bills, and other expenses. Traveling cost has been one of his expenses, as his family doesn’t own a vehicle for their necessities. In this regard, Yem is taking out a loan to purchase a motorcycle for household and business (commuting) use.
By using this loan to buy a motorcycle, Yem hopes to increase savings, for any future emergencies of his family. Yem expresses his appreciation to all kind lenders, who constantly support his family as well as others. He is sure that he will pay back the loan on time, following the repayment schedule.
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.