Chea Thach Group
Now she would like to apply for a loan of 840,000 Riels as a group of three members to build new latrines. This loan will help her live in better conditions. In the future, she is going to plant rubber trees, renovate her home, and support her child to go to university.
More information about this loan
This loan is designed to help Cambodian households build standard latrines for improved sanitation. In Cambodia, the lack of proper and basic sanitation facilities contributes to health issues, including dehydration and malnutrition caused by diarrhea. These illnesses also create an additional economic burden for low-income and vulnerable families.
KREDIT engaged in several strategic alliances with water and sanitation organizations to design and provide a customized and affordable loan product to borrowers. By funding this loan, you are playing an important role in improving access to clean water and sanitation.
Sanitation loans will be included in larger Kiva business loans intended to fund both borrower's business and sanitation needs.
About KREDITKREDIT Microfinance Institution Plc., is one of Kiva’s most established partners in Southeast Asia. The organization empowers the economically-active poor and small entrepreneurs by providing inclusive financial services. Beyond loans, KREDIT offers low-income clients complementary training in debt management, savings and budgeting. In addition, KREDIT partners with NGOs to offer training in primary health care, agricultural techniques and HIV/AIDS awareness.
For more information on KREDIT, please visit its partner page. If you would like to engage more with KREDIT and its borrowers, you can also join its lending team, KREDIT MFI 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