This couple strives to work and save money to build a suitable house for their children. Due to a lack of funds for construction, Chhan has applied for a loan to buy materials for his house and to hire laborers to perform the construction.
He and his family hope to live in his new house with happiness after its completion. Although this is his first loan through Hattha Kaksekar Limited. Chhan is confident that he can pay back the loan in full over the period stated in his repayment schedule.
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