1-Mr. Soklay C., 53, and his wife, Mrs. Nara Sor, 47, were married in 1983 and have four children: one son and three daughters. One of their children was married and lives away from the family, two children have full time employment and the youngest studies in the local school. Soklay has been a motor taxi driver for twenty years, while his wife stays at home. Soklay is requesting a $300 loan to purchase a new motorbike to replace his old one, to be used as a taxi.
2-Mr. Rithy S., 43, and his wife, Mrs. Sopheap Keo, 37, were married in 1987 and have two sons and two daughters. Rithy has been a motor taxi driver for ten years. His wife stays at home and takes care of their children. Rithy is requesting a $200 loan to build a wall for his house.
3-Mr. Senghoir T., 31, and his wife, Mrs. Srey-on Kuch, 25, were married in 2003 and have two sons. Senghoir has been a motor taxi driver for five years. His wife has been a garment factory worker for ten years. Senghoir is requesting a $200 loan to repair his motorbike and some part of his house.
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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