Deng C. is the leader of a group of five members. She is 23 years old, and makes a living selling fish in the local market. She buys the fish from the fishermen or wholesale supplier and then sells it. She currently earns an income of approximately of $2 a day. She has no children and is married to Choum Sarin, who is 28. He has a business of providing water to his neighbors. Deng C. hopes to enlarge both her and her husband's businesses. She decided to ask for a loan to buy more fish to sell, as well as a pump line, so that her husband can pump more water for sale.
The other four members of the group are:
Chou T. is 55 years old and widowed. She sells fish and has applied for a loan as capital for her business.
Dom S. is 58 years old and widowed. She also sells fish in the market, and requested a loan to buy more fish to sell for additional income.
Sun S. is 57 years old and makes a living catching fish to sell. She seeks a loan to buy more fishing tools like nets.
Soan S. is 32 years old and is a fisher. She needs a loan to purchase additional fish tools.
All of the borrowers live in Chong Kneas Commune of Siem Reap Province.
Hattha 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.