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Roeun's Group
In this Group: Roeun , Sopheap, Chinda
Roeun was selected to be the group leader for a loan from MAXIMA. In the group, there are three members--Roeun, Sopheap and Chinda, and they live in a suburb of Phnom Penh.

Roeun, age 21, is single and lives with her parents and brother and sister. She is a garment factory worker.

Roeun wants to buy a motorcycle for commuting to work. She commutes to work by taking a taxi, which often costs lots of money. Hence she decided to apply for a loan.

Roeun and her brother are on the right, next are Sopheap and her husband and last is Chinda.

Additional Information

About MAXIMA

MAXIMA Mikroheranhvatho is a Cambodian microfinance institution founded in 2000 to help low-income rural and urban people and small- to medium-sized businesses (SMEs) access financial services. Sustainable access to credit helps to create jobs and enables business owners improve their living conditions, educate their children, provide health care to their families, and more. It also enables the rural poor to remain at home with their families, rather than moving to city centers in search of employment.

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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Roeun's Group's $500 loan helped a member to buy a motorcycle for commuting to work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2014
Listed
Aug 6, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 28, 2014