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Vong's Group
In this Group: Vong, Chuong, Srun, Seun, Bun
This is a group loan that has five people . Mrs. K. is one of the group and is selected to be the group leader. Mrs. K., 56, sells vegetables in the market, while her husband, Mr. Heu Sok, grows vegetables to sell. They both work hard everyday and can earn around $2 per day. K. has four children; one is married and three are single, working as construction workers and helping to support the family's living conditions.

To improve vegetable growing and increase their income, K. would like to ask for a loan to purchase a pump machine (for irrigation). Other members: Mrs. Vong D., 38, who sells souvenirs. She needs a loan purchase more products to sell. Mr. Srun O., 45, sells chinese cakes. She needs a loan run a new business of groceries. Seun C. sells groceries. She needs a loan purchase more groceries to sell. Mrs. Bun S., 27, sells vegetables that she grows. She needs a loan to buy a pump machine. Mrs. K. was not available for photographing and her husband was instead.

Additional Information

About HKL

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.

About Cambodia

  • $2,600
    Average annual income
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $36,566,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Vong's Group's $1,000 loan helped a member purchase a pump machine for water to irrigate.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2009