Nov is a 29-year-old married woman residing in a small village of Prey Chor district, Kommpong Cham. She is a very kind, hardworking woman who wants to get ahead in her business and is eager to provide a better quality of life to her three children, who are currently attending school. Having worked in the farming business for more than 20 years, Nov and her spouse are able to make a net profit of 10,000 KHR per day.
Nov has never done business with any state banks before and she’s very grateful to be granted a loan through HKL branch office. She has mentioned that only HKL can provide her a much lower interest rate and a long term payment plan. The loan amounting to $1,000 US dollars will allow her to buy a motorcycle which is very useful for the family to get from one place to another especially to a far distant area without any payments to motor taxi service. In this way, Nov will save a bit on transportation and can use it for the future for any family emergency.
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.