Norn Khut's Group
More information about this loan
This loan product will enable households to buy a ceramic water filter that will ensure their health by providing sustained access to safe drinking water. It will also reduce the time and money they spend collecting fuel and/or boiling water to drink. The iDE staff provides training to households so that they are educated in safe hygiene practices and the importance of drinking safe water – particularly for young children who are most vulnerable to waterborne diseases.
This loan product was initially developed in partnership with local microfinance institutions (partnerships which continue), however, iDE determined it could reach more households in need by managing their own credit program. Since lending is not their core business, this loan may carry more risk.
About iDE Cambodia:iDE is an international non-profit organization with a unique market-based approach to poverty reduction. iDE helps to build profitable enterprises and value chains that deliver sustainable social and economic benefits to poor, rural households, enabling them to increase their income and improve their quality of life.
Kiva’s partnership will enable iDE Cambodia to implement two of its loan products-one that focuses on increasing the incomes of smallholder farmers and one that provides clean drinking water to households. iDE hopes to provide a greater number of low-income individuals living in rural poverty, with opportunities and a higher chance of success through Kiva.
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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Success!! The loan was 100% repaid