Soeung is 54 years old and a widowed mother who has been operating a groceries selling business in her neighborhood. She owns a convenience shop with many types of products such as snacks, beverages, home use products, personal care products and other familiar things. She has one of her children to help her in the business every day. Soeung has four children, three of whom are employed in various careers and help their mother earning the income to support the family. Only her last-born child is still studying in the local school. Presently, Soeung lives with her two single children and her older sister in a home in Phnom Penh.
To sustain the growth of the business, Soeung would like to take out a loan through HKL, one of Kiva's partners, to purchase ingredients and spices for food and to buy stock of inventory like beverages, snacks and home use products to refill her store again. In the future, Soeung hopes that she is able to enlarge her store and increase her household income.
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.