Normally, Cambodian people will use an ox or buffalo as labor for plowing farmland. Because he only has one ox to help with his farming operation, Soeurn is seeking a loan in the amount of 500,000 Riel (US$125) to purchase another ox to match with his existing one in order to plow his farmland in a more efficient manner.
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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Success!! The loan was 100% repaid