Mr. Cheu is a 27-year-old married father who lives in Siem Reap Province. He owns a medium-sized phone shop next to his village where he sells mobile phones. He also buys new phones and used phones at reasonable prices from people in the village and then sells them to make a profit.
He started his business early in 2006, and he earns about $4.50 per day that mainly serves to meet his family’s daily expenses. His wife sells fixed goods next to Mr. Cheu’s shop and also grows a few potato plants to generate some income.
Mr. Cheu requests a loan to buy more mobile phones for sale, and he will use an remainder of the loan to grow potato seed. Mr. Cheu is blessed with three children who are attending local schools.
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.