Kan, aged 50, has been with HKL for five loans already and this loan will be her second time with Kiva organization. Kan has made a good repayment and she has become a VIP client for her honesty with HKL institute. After successfully paying her previous loan, Kan is resubmitting her request in order to obtain another financial support from lenders. She is hoping to have this loan amount so that she will be able to buy more stock of rice to keep nourishing her family as daily food through the year. The rice will cost 1,000 USD.
With the remaining amount of 500 USD, Kan will reinvest in her recycling business, buying and selling recycled materials, an activity she and her husband have been in for over 10 years after their farming business. The impact she expects with the financing is that her sales will increase and thereby boost her income. Through her determination despite hardships, she hopes to gradually improve her business and help providing a better education to all of her children.
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.