Min was granted a loan last May 2012. She used it to purchase building materials for housing construction. She paid off the loan completely with the income she has earned from her agricultural business. After this loan, Min is pursuing her next Kiva loan to use for the wedding of her daughter. Traditional weddings in Cambodia have a lot of special ceremonies and other events, which will incur more expenses for the couple’s family. The actual wedding ceremony of Cambodians take place continuously for three days and three nights. Since there are a lot of factors to be considered at present like time, money, etc. Cambodian weddings are completed in one single day instead of three. Still, some parts of the country arrange the party for three days. The expenses will be a concern for Min’s family, which is why she is taking a loan of KHR 2,000,000 to cover the costs of the wedding. She hopes that Kiva lenders will continue to lend her a helping hand. She is very grateful and confident she will pay back the loan in full again.
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.