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Soeurn's Group
In this Group: Soeurn, Norng, Phal, Ke
This is a small loan for four women who live in Battambang Province, Cambodia. Mrs. Soeurn C., age 43, has been selected to be group leader by the other members.

C. has been selling fruit in the local market for more than four years and earns approximately $3.50 per day. She is married to Bora, 44, who is a construction worker. She is a good mother who has given birth to six children: five are single and one is married and lives separately.

C. saw that her neighbor's investment selling fresh fish is a profitable one. She hopes to enter this business but she lacks capital, so she would like a loan to use as capital to buy fish to sell.

The other three borrowers are:
V. provides small loans with specific repayment schedules to the neighborhood. She applies for a loan to use as capital in her business operations.

S. will use the loan to increase her business selling bread.

S. sells Khmer noodles. She requests a loan to begin a new investment as a used clothes seller.

Additional Information

About HKL

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cambodia

  • $2,600
    Average annual income
  • 125
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Soeurn's Group's $1,000 loan helped a member to buy fish to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2009
Listed
May 25, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010