Mr. Chan is a 44-year-old man who lives in the Ornlong Veng district of Siem Reap province. Mr. Chan is works very hard in his farming business to earn a living. Mr. Chan has been married for many years to Mrs. Sai, 45, a domestic farmer. And they have seven children, five of whom are single. The other children are already married and live separately. Mr. Chan and his wife are able to generate an income about $7.50 USD each day. During this rainy season, this family has difficulties in living because some parts of their shelter are broken. Thus, Mr. Chan would like to request a loan from Kiva to mend his present house. Mr. Chan proposes to use the remainder of the loan to grow a larger rice crop and also to buy a plow. In the future, Mr. Chan hopes he can send his children to school.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.