Kean has been running a farming business for almost 23 years, generating approximately KHR 10,000. Her son helps her manage the business every rainy season.
She is requesting a loan of KHR 5,000,000 to purchase a piece of land where she can build a proper house to live in, especially since she is getting older so she will live in a comfortable and warm place.
The borrower is a very hard-working individual who strives for a better future. She is confident in her ability to pay the loan back as scheduled.
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