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Chork's Group
In this Group: Chork, Ke, Som
Mrs. Chork, 49, a villager from Kompong Chhnang province, has spent most of her life cultivating rice crops for a living. She was chosen to be the leader of this group, which consists of three members. They have different purposes in using this fund: Chork and Som want to buy some piglets to raise; Ke wants to use it to buy more stocks of merchandise to sell. Chork has lived with her three children since her husband passed away. Chork will use her increase in income to support her last born child’s education. She wants to send him to a university after he finishes high school.

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 Cambodia

  • $2,600
    Average annual income
  • 116
    View loans »
    Cambodia Loans Fundraising
  • $35,436,425
    Funds lent in using Kiva
  • 4,048.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chork's Group's $275 loan helped a member to buy some piglets to raise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2011
Listed
Nov 16, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 27, 2012