1- Mrs. S. Sarin (age 48 – left in photo with her husband) and her husband (age 48) have been married since 1994. They have one daughter who studies in the local school. Her husband has been repairing wooden houses since 1990. Sarin has been a silk weaver since she was 20 years old. It’s a skill she learned from her mother. She is requesting her first loan from Maxima in the amount of $350. She will use this loan to purchase silk material for her weaving.
2- Mrs. S. Sarim (age 60- right in photo with her husband) and her husband (age 70) have been married since 1970. They have six children—two sons and four daughters. Like Asarin, Sarim has been weaving since she was young. Her husband grows rice. She is requesting her first loan from Maxima in the amount of $100. She will use this loan to purchase silk material for her weaving.
3- Miss. P. Sreyna (age 23- picture in the middle with her aunt) is single and lives with her aunt. Sreyna has been a silk weaver since she was 13 years old. It’s skill she leaned from her mother. She is requesting her first loan from Maxima in the amount of $200. She will use this loan to purchase silk material for her weaving.
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