Sim, aged 39, is married and has four children. She and her husband help each other to raise their four children. She is dedicated to a rice farming business while her husband is a teacher in a primary school, not far from their home. Together, they can make a net income of $4.50 per day to cover their daily costs.
Since the rain is coming quickly this season, Sim needs some farm inputs to apply to her rice crop. Due to the lack of capital, she is taking out a loan through HKL and Kiva to purchase fertilizers and hire laborers to plow and transplant her rice. Through the loan support, she hopes to maintain high rice production and make more income to meet her family’s living needs. In the future, she wants to save money to purchase a few pieces of farmland to increase her farm outputs.
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.