To pursue a better living, she is in the business of selling fish in mobile markets. She typically makes an income of about $5 USD each day from this business. One of her children, 28 and a single woman, also helps support the family by working as a garment factory worker in a local area. She usually gets her salary in monthly payments.
Currently, Mrs. Ly’s house was damaged partially by the weather. She plans to repair it with her savings, which are inadequate. She has requested a loan from HKL, one of Kiva’s partners, in the sum of $800 USD. She’ll use the loan to fix her house and will use the remaining funds as capital for buying more fish.
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.
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.
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Success!! The loan was 100% repaid