She is the mother of four children, two of whom are employed; all are single. Her husband, Nary, 50, is a local fisherman who currently catches fish from Tunle Sap Lake and sells them at the market. His ability to catch fish has recently been compromised due to aging equipment, so Mrs. S. is requesting a loan to buy more fishing tools.
The other three borrowers are:
P., a fisherman who needs a loan to buy nets and traps;
P., a fisherwoman who is requesting a loan to purchase fishing tools;
R., a fisherwoman who is requesting a loan to buy additional fishing equipment.
The borrowers all live in Chong Kneas Commune in Siem Reap 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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