Mrs. Khon S. is 43, and she goes throughout her village selling fish that her husband caught. Mrs. Khon S. also takes cares of her seven children. Two children help with the family's income by fishing and decorating houses for ceremonies or wedding parties. Mrs. S.'s husband, Mr. Mach Kheav, is 42, and has always been a fisherman. Khon requests a loan of $300 to purchase fishing nets, and a second-hand fishing boat for her husband.
Mrs. Saroeun C. is 56 years old, and a rice farmer. She requests a loan for $300 to purchase fishing equipment.
Mrs. Seun S. is a 55-year-old widow. She makes mats and sells them from home. Seun requests a loan of $300 to purchase the raw materials to make mats.
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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Success!! The loan was 100% repaid