H. is running her investment well, so that a lot of regular customers recognize the delicious tastes she cooks. H. is applying for a loan as capital to enlarge her investment.
The other two borrowers are:
V., who is a local tailor, and she needs a loan to repair her old house.
S., who is a construction worker. He requests a loan to build a bathroom for the family's hygiene. (S.'s wife appears in the picture because he was not available for photographing.)
The borrowers are people living in Kompong Somnanh Commune in Kandal 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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