Yon S. has a grocery store where she sells food and other simple daily use items to her neighbors. To make her business grow and become more successful, she would like to ask for a loan to buy some essential items for resale.
These are the other borrowers of this group:
T., who owns a grocery shop and is requesting her loan to buy more products for selling.
N., who is a barber as well as a grocery seller and is applying for a loan to buy more cooking ingredients for sale.
T., who runs a boat delivery service and is asking for a loan to repair the boat.
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