1-Mrs. P. Sngoun, 40, and her husband, Mr. Phun Pich, 48, were married in 1983 and have five daughters. One of their children is married and lives away from the family home, three daughters have full time employment and the youngest one studies in the local school. P. has been a garment factory worker for five years, while her husband is a motor taxi driver and does construction work. P. is requesting a $300 loan to build a restroom for her family.
2-Miss. Sreylin T., 24, is single and lives with her widow mother. She has one sister who is a garment factory worker. Sreylin has been a garment factory worker for five years, while her mother grows rice. Sreylin is requesting a $300 loan to build a wall in her house.
3-Mr. Yin N., 57, and his wife, Mrs. Thoeun Au, 50, were married before the Pol Pot regime and have one son and four daughters. Yin has been a fisherman for sixteen years. His wife is a housewife. Yin is requesting a $300 loanto buy a new motorbike to replace the old one.
About MAXIMAMAXIMA Microfinance Plc is a Cambodian microfinance institution founded in 2000 to help low-income rural and urban people and small- to medium-sized businesses (SMEs) access financial services. Sustainable access to credit helps to create jobs and enables business owners improve their living conditions, educate their children, provide health care to their families, and more. It also enables the rural poor to remain at home with their families, rather than moving to city centers in search of employment.
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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