Thoeun is one the leader of a group of three women sharing the loan. The other two are:
1. Mrs. Choem N., 25, a fish seller. She depends on her husband to do the fishing, while she sells the fish in the market. Choem requests a loan of $300 to purchase fishing tools, such as nets and traps, for her husband's business.
2. Mrs. Vuttha S., 38, also a fish seller. She purchases fish from a supplier and sells them in the market. Vuttha seeks a loan of $300 to stock fish for resale.
The women all live in Sarikakao Commune, Kandal Province.
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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