This is a small loan group with three members led by Mrs. Thida S.. She is 39 years old and makes a living selling fish which she buys at Tonlesap Lake. She earns about $5 per day. She has a motorcycle which she uses for her business. The family lives in Prek Khpous Commune, Battambang Province. Mrs. Thida has seven children, all of whom live home; one is employed by a private company. Mrs. Thida would like to grow her business and is applying for a loan of $250 to buy more fish to sell. The other two members of her group are:
1- Len H., who is widowed and breeds pigs for sale. She needs a loan of $250 to buy more pigs to breed.
2- Thoun K. is widowed and makes a living selling a local delicacy known as Khmer cake. She needs a loan of $50 to buy ingredients to make additional cakes to sell.
The group people lives in Prek Khporb Commune, Battambang Province.
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.