Siem, 44 years old, is a resident living with her spouse and three children in her own home in Kompong Cham province. She works in agriculture, specifically in the cultivation of rice, cassava and sugar cane trees on around two hectares of farmland.
She has been operating in this field for many years and has gained a lot of valuable experience, which allows her to obtain better yields. She usually sells her products in all the surrounding areas and markets of the regions, together with her husband generating approximately a net income of USD 8.00 per day.
Siem needs to invest in the purchase of farm supplies, such as sugar cane trees and cassava for seeding. Due to insufficient capital for the investment, she is asking for a Kiva loan amounting to USD 1,400. She has confidence to pay off her loan on time, and at the same time she can supply her family with the basic living necessities.
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.