Sim is a 32-year-old married woman and a mother of two children. Sim owns and operates a rice farming business in the Baray district of Kompong Tom province. Her earnings from her business mainly goes to daily food, and she saves the remaining to invest in purchasing and sourcing hair for local hairdressers, thus to get additional revenue for her family. She has been doing these two businesses for more than ten years and earns approximately KHR 40,000 each day. Her spouse is also doing the same things as her.
Sim has been with HKL for six loan cycles already, and this will be her first loan with Kiva. She has applied for the loan to source and purchase hair. With the rest of the funds, she will buy a motorcycle for home use. Through the loan, she believes that she can sustain her business and give her children basic necessities as well as a good education.
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.