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Sopun's Group
In this Group: Sopun, Sambo, Saron, Dina, Chhin
This is a group loan and there are 5 members. Mr. Sopun P. is a lathe operator. He has been working since 1995 and currently earns around $5 per day. He lives with his elderly father who stays home. To expand his business, Sopun needs a loan of $350 to use for his lathe operation. Sopun is the group leader; the other members are:

1- Sambo M. is widowed and sells cooked rice. She needs a loan of $300 to add to her saved money to purchase a second-hand motorcycle to transport her rice to sell.
2- Saron C. sells groceries and needs a loan of $300 to purchase grocery inventory to sell.
3- Dina P. sells sugarcane juice. She needs a loan of $300 to purchase sugarcane and to build a small store to serve clients.
4- Chhin P. is widowed and sells porridge. She needs a loan of $300 to purchase piglets to breed.

This group of people lives in Prek Preahsdach Commune, Battambang Province.

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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,587,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Sopun's Group's $1,550 loan helped a member to use for his lathe operation.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 6, 2008
Listed
Oct 22, 2008
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2009