Phen is 35 years old and married with eight children. She is engaged in an agricultural business growing rice and cassavas on a few pieces of land in Kampong Thom province. As the needs of the family are increasing day to day, Phen is seeking ways of increasing her income in order to meet their needs and aiming to invest in the purchase of cashew nuts in bulk from local plantations, and continue selling them to traders at a profitable price. Due the shortage of capital, Phen is asking for a loan as her working capital to buy cashew nuts. Phen hopes this will result in an increase of her income that will ensure food security for her household.
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.