Fall S. F., 49, earns a living by selling fish. She usually gets up early each morning and buys different kinds of fishes wholesale and sell retail, to gain income. She is married and has given birth to six children who attend school. Her husband assists her in selling fishes. To enlarge her business and earn additional income, Fall S. F. is asking for a loan to increase her capital to buy more fishes to sell.
The other two borrowers are: Yoeu S., 32, who sells fishes inside the market. He requests a loan to buy fishes to sell. Sin S., 34, is a motorcycle taxi driver. He seeks for a loan to run a grocery store.
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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