This group of borrowers consists of four residents of Siem Reap Province, led by S., 33, a responsible neighbor and mother of three children, all of whom are single and under her care. Married to Theoun, 33, a local construction worker, S. has been a cleaning worker in a private company for more than a year. In order to end her reliance on motor taxi transportation to her place of work, she is requesting a loan that, coupled with her savings, will allow for the purchase of a motorbike.
The other three members of this group loan are:
C., 42, who is requesting a loan to buy more rice for her store;
T., 45, who raises piglets and is seeking to buy a motorbike for her and her family;
P., 46, who is looking for a loan to buy more piglets for her business.
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.