Eang permanently lives in her own home in Kampong Thom province, from which she cultivates rice and other seasonal crops to sell. She has been a farmer for over 29 years and earns a daily income of KHR 24,000 per day to cover the costs of living. Farming is the sole source of income for her family.
Since Eang’s home has deteriorated over the years, she would like to fix up her house, partially to provide good living conditions for her household. Due to insufficient capital, she is asking a loan of KHR 3,000,000 to buy wood for the job and hire laborers to perform the construction.
She is very happy and thankful for the loan support to enable her to improve her living conditions.
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