Sok M., 49, and his wife, Ong Sophat, 47, live with their four children in the Kompong Tom Province, Cambodia. They earn a living by selling chickens in the local market. This is their second loan from Kiva, and they will use the loan to expand their business and run a new business of selling children’s shoes. Their first loan from Kiva was used for buying more chickens for sale, and that loan had helped them increase their daily income to over $10 and support their family’s food needs adequately.
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.