1-Mrs. Sdoeng K., 42, and her husband, Mr. SoP. Net, 45, were married in 1993 and have three daughters. One of them is married and lives outside the family home. The other two daughters study in the local school. Sdoeng and her husband have been fishing for fifteen years. She is requesting a loan in the amount of $200 to purchase one boat for fishing.
2-Mrs. Sreytoch P. (show in the picture on the left), 24, and her husband, Mr. Heang Heng, were married in 2002 and have two sons and one daughter. Sreytoch and her husband have been fishing for five years. Sreytoch is requesting a loan in the amount of $200 to purchase one boat and fishing nets.
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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