Keo is a 38-year-old married woman with three school-aged children. She and her spouse own and work on a small farm to grow rice to make a living. The land doesn't produce enough to feed their children, so her husband also dedicates time to a recycling business that collects and sells materials for additional income. Both businesses earn them a moderate income to provide basic necessities and send their children to school.
Keo’s husband is in need of capital to invest in his recycling business and buy a trailer for loading the collected materials. For this reason, she has requested a loan in the sum of KHR 4,000,000 from Kiva lenders. She has had prior loans with HKL and has never made any late payments to her loans. This loan will create another opportunity for her husband to advance his business as well as their family's standard of living.
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.