Phok, age 53, is a resident, living in Kampong Chhnang province. She is in the business of weaving and selling baskets in her home province. She has a life partner with her husband who works in the same business. They have been doing this business since 1985, and earn a good profit of KHR 50,000 per day. Her oldest daughter is also involved in purchasing made baskets and sells into the market for a profitable price.
They normally go on expanding their existing business, and aim to make consistent income from this. Phok currently has 5 children; 4 married and one still lives under their roof.
Phok would like to ask for a loan in the amount of KHR 1,600,000 to increase her capital for expanding her basket selling business by purchasing made baskets from local weavers to sell in a market.
She hopes she will gain more profits from her business, and she will be grateful for Kiva’s lenders who make her life a big change.
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.