Sorn wants to have enough energy for her household and to reduce monthly expenses by purchasing a solar home system to install in her home. Due to inadequate funds, she has requested a loan in the amount of USD 800 (US dollars) from Kiva, through its partner, Hattha Kakesekar Limited (HKL).
After this initial investment, Sorn hopes to have clean energy to support her household appliances, such as light, TV, and radio. She is very happy and thankful because, with this loan, HKL has provided her with a special interest rate, rather than its general loan. She awaits your kindness and relies on your generosity.
More information about this loan
This loan is part of HKL's new green loan program designed to help improve living standards of poor and low-income people living in rural areas of Cambodia by giving them access to clean energy. Solar loans under this program allow poor families living off the grid to invest in solar home systems that can power lights, fans, radios, and mobile phones. HKL also disburses loans for biogas digester plants which allow farmers to convert animal and human waste into biogas that can be used to power clean cookstoves and organic fertilizer for their farms. These loans have numerous economic, health, environmental, and social benefits for families which include saving money and time collecting fuelwood, reducing smoke-borne diseases, and allowing family members to do schoolwork and housework in the evening. HKL has designed these social loan products to feature a lower interest rate than typical Kiva loans.
About HKLHattha 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.
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