Recently, S. sold her pigs to a slaughterer but she can't acquire another pig to raise due to the family's financial problems. Therefore, she has decided to seek a loan for capital to purchase pig-feed and a piglet to raise.
The other three borrowers are:
R., who has two businesses: distilling wine and raising pigs. She is looking for a loan to buy a motorcycle to ride and support her business action.
T., who will be using the loan to order mats, nets, and cradles to sell.
S., who will use the loan to repair an existing motorbike that has broken down.
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.
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.
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Success!! The loan was 100% repaid