Kosal Iv’S Group
1-Mrs. Kosal I., 47, is widow with two sons. One of her sons is an electrician and another one weaves silk at home. She is requesting a loan of $300 to purchase silk materials for continuing her weaving business.
2-Mrs. Sok-heng P., 19, is a silk weaver, has been married Mr. Yeun Yun, 28, is a silk weaver since 2008. The young couple has no children yet. Sok-heng is also requesting a loan of $300 to purchase silk materials for continuing her weaving business.
About MAXIMAMAXIMA Mikroheranhvatho is a Cambodian microfinance institution founded in 2000 to help low-income rural and urban people and small- to medium-sized businesses (SMEs) access financial services. Sustainable access to credit helps to create jobs and enables business owners improve their living conditions, educate their children, provide health care to their families, and more. It also enables the rural poor to remain at home with their families, rather than moving to city centers in search of employment.
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