Ly is 45 years old and has a service-based business, providing transportation around his neighborhood. He works hard to feed his family of seven. His wife helps him cover their living costs by sewing clothes in a garment factory. Ly has been in the transport business for the past five years, and he earns a net income of $10 per day. Ly is taking out his second loan, after repaying his previous loan successfully. He will use this loan to buy a Tuk Tuk (a motorcycle-based taxi) to improve his business. With the expected profits from his business, he will cover his family’s basic necessaries and save more for future emergencies. He’s grateful for the loan support.
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.