C.'s business is running very well and she has gained much profit because she cooks tasty foods for her customers. To earn additional income, C. is looking for a loan to increase her business capital in order to meet her customer's demands.
The other two borrowers are:
B. T., who works as a local chef for wedding parties; she needs a loan as capital to buy wedding equipment so she can rent it out to gain additional income; and
H. who owns a small laundry and provides a clothes-washing service. She is applying for a loan to add to her savings to purchase a used car for her husband to use as a taxi.
The borrowers are people living in Battambang 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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Success!! The loan was 100% repaid