Oy, a 22-year-old father of a lovely young child, is a primary school teacher in a local school in Ang Snoul district of Kandal province. He teaches small children between the ages of 5 and 7. He has been in this occupation for two years. He is married and his wife is employed as garment worker in order to help earn an income for the family.
Due to the far distance between his house and school, Oy has to pay for transportation costs daily to reach his workplace. This causes him to spend a lot of money. To solve this problem, he has requested a loan of 600 USD to purchase a used motorcycle for commuting. He hopes that he can increase his savings to improve his standard of living and to use for future emergencies of the family.
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.