Phlaung is a 62-year-old married woman with six children, three of among whom are employed in various occupations. She lives in a small thatched house in the Baray district of Kampong Thom province with her family. She owns and operates a plantation of rice and cassava in order to earn a living. For many years, this business has earned a good income which she uses for her home bills, food and for the sake of her children.
Phlaung has requested a loan in order to buy merchandise to restock her daughter’s grocery store with items such as snacks, shampoo, home use products, toiletries, cosmetics, beverages and other miscellaneous products. She has never had loans from any state banks before but Kiva partner HKL has provided her with a greater ease and lower interest. Through the loan, she hopes to help her daughter sustain her retail business and increase her sales. With the profit from the business as a result of the loan, she will use some for daily needs and save more for the future expansion of the business.
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.