Mrs. S. was selected to be group leader. Chun S., 26, is an ice-cream seller in Battambang Town, which is located in the west of Cambodia. She is married to Mr. Sok Vanny who is motorcycle taxi driver. They have one child. Her older sister and aunt also live with family.
To bring more income, S. needs a loan to purchase a cart to transport her ice-cream to sell by transporting it to the customer's home.
The other three are:
Mrs. S., 46, is a seller of cooked rice and needs a loan to use for her business.
Mrs. Yen K., 45, is housewife and needs a loan to use for her husband's business.
Mrs. Van Y., 57, is vegetable seller and needs a loan to use for her husband's business.
These people live in Orchar Village, Battambang Province.
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