Farming business is preferable for most of people living in the countryside of Cambodia and it can be considered as the traditional business since a thousand years ago. Among the farming people of the area is Mom, a 40-year-old woman and a mother of three single children, who cultivates the land for growing rice in the Prey Chhor district of Kampong Cham province. Having been in this business for years, she is able to make a net profit of $4 per day to cover her daily living costs.
Now she has applied for a loan in the sum of $800, which will be used to place her son in a vocational training center in Phnom Penh, where he can learn to be a car mechanic. Through this loan support, she can provide an opportunity for her son and she hopes that this can help him to be successful in his career in the future.
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.