Nhanh Chhum's Group
1- Nhanh C., 38, and her husband, Sarim Tuy, were married in 1988 and have six children; five sons and one daughter. Two of their children are married and live outside the family home, three children attend school and the youngest one is still very young. Nhanh has been selling duck eggs for one year. Her husband has been a mason for seven years. She is requesting a loan in the amount of $300 to purchase a cow.
2-Sim H. (the second from the right), 26, is a widow with one son who is still very young. Sim has been selling second-hand clothes for four years. She bought them from a market in Phnom Penh to resell Ta Khmao market. She is requesting a loan in the amount of $300 to purchase more second-hand clothes for resale.
3-Soeun H., 29, and his wife, Sivorn Chorn, 29, were married in 1996 and have three children; two sons and one daughter. Two of them attend school and the other one is still young and stays at home. Soeurn has been a mason and fisherman for ten years. His wife has been fishing and selling for ten years as well. He is requesting a loan of $200 to purchase seine for fishing.
About MAXIMAMAXIMA 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.
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