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Lim's Group
In this Group: Lim, Sin, Uch, Sin
This is a small group of four members. Mrs. Lim V. was selected to be group leader. Lim V., 25, is a temporary laborer in the fish market at Siem Reap Province, which is located in the west of Cambodia. She is married to Mr. Sen Vasan who is a fish porter in local busy market. They have two young kids who are dependent on their income. The family’s living conditions are not comfortable because their house is too old and has broken down. Lim V. is therefore borrowing money from Kiva’s field partner, HKL, to be used to hire a laborer to repair her old house. The other three are:
Mrs. K., 56, a fish porter who needs a loan to buy a vehicle for riding;
Mrs. R., 54, a temporary laborer who needs a loan to buy wood to build a new house; and
Mrs. P., 40, a grocery seller who needs a loan to sustain her business growth.

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 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.

About Cambodia

  • $2,600
    Average annual income
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $36,585,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Lim's Group's $700 loan helped a member to decorate/repair her old house.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2010
Listed
May 18, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 16, 2010