Mrs. Meas and her husband have spent their lifetime working in the field. They can generate profits of about US $4.25 each day to cover the family’s basic requirements.
To earn some additional money to support the family, Mrs. Meas started raising a few piglets in a cage over three months ago, but they are still very small because they lack sufficient food. For this reason, Mrs. Meas is requesting a loan from Kiva in order to buy several sacks of pig feed to fatten her pigs.
The other borrowers are as follows:
Mrs. Norng is seeking a loan to purchase fertilizers to ensure the successful growth of her crops.
Mrs. Vann, a rice farmer, is looking for a loan to buy pigs for breeding, as well as to purchase fertilizers.
Mrs. Um, a domestic farmer, is requesting a loan to buy several sacks of fertilizers.
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