Mrs. Sun S., age 30, has been selected to be group leader by the other members. She is a widowed mother who has two children who are still young and enrolled in school. Her mother, also a widow, lives with her and helps support the family by selling a kind of Khmer sweet.
S. currently earns an income by selling different kinds of fruits in the local market. She has operated her business for a year. She usually buys her produce from a wholesale supplier and the farmers in bulk and sells them at retail to gain income. S. would like a loan to accrue stock of fruit to sell.
The other two borrowers are:
C., who sells fish in the market and requests a loan to buy more fish for sale.
V., a vegetable seller seeking a loan to expand her business.
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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Success!! The loan was 100% repaid