KIM MANITA‘s story
Kim Manita is a 30-year-old woman who has been running a grocery store for 4 years. She provides daily necessities for nearby residents. Recently, a neighbor is going to hold a wedding and needs to purchase a large quantity of imported beer and snacks to entertain guests. Kim Manita is hoping to apply for a loan of 900 USD to purchase enough inventory to meet the demand and earn a profit.
The loan will allow Kim Manita to make a bulk purchase of the requested items at a better price, and to ensure she has enough stock to meet the needs of the wedding party. With her good reputation in the neighborhood, the successful execution of this large order will likely bring in more customers in the future.
This loan is special because it provides entrepreneurs with resources to increase income and improve their living conditions
Loan details
Lender interest rate： Annual 6.9%
Loan length：6 months
Repayment schedule：15th, Monthly
Initial Fund Raising date：Apr., 16, 2023
Funding model： Flexible
Minimum Amount：50 USD
Borrow total Amount：900 USD
More about this loan
This loan is provided by our Partner, Side Hustle Microfinance Plc. Field Partners are local organizations working in communities to vet borrowers, provide services, and administer loans on the ground.
This loan supports micro-entrepreneurs in Cambodia. Side Hustle provides borrowers with access to capital to invest in income-generating activities, such as market trading or handicraft production. By supporting this loan, you are helping to empower low-income families in Cambodia and improve their standard of living.
About Side Hustle Microfinance Plc:
Side Hustle is a microfinance institution that provides mini-loans to the very poor in Cambodia. They provide both individual and group loans, and the majority of loans are for female / small businesses to allow them to startup or scale.
How the loan works
Step1: A borrower applies for a loan from our financial partners.
Step2: The loan goes through the underwriting and approval process. Of course, our financial partners will review their loan purpose and income sources. To make sure the applicant is qualified and capable to repay the loan.
Step3: The loan is posted to Divid for investors to support.
Step4: Fundraising period
Step5: Fundraising complete!
Step6: The borrower repays the loan.
Step7: Investors use repayments to fund the new projects.
How did the borrower get money from you?
The funds your support reach borrowers through our financial partners (in this case, Side Hustle Microfinance).
For most loans, our financial partners are responsible for distributing the funds to borrowers. Depending on their policy, the funds may be given to each borrower before, during, or after the individual loan is fundraised. Sometimes, give the funds out before the loan is starting to fundraise because it allows borrowers to use the funds immediately. So when you support a loan on Divid, the borrower may already have those funds in hand.
However, support for that loan is still needed because our financial partners don’t have sufficient funds to cover most critical situations. Then you will get repayment and interest when the borrower makes repayments.
Secure mechanism
According to the cooperation agreement between Divid and financial partners, any financial partner has to prepare a reserve (is among 15-30% of their capital)to cover the investor’s loss when the borrower is default.
And Divid has the responsibility to monitor that the mechanism is well operated.
Interest rate: 6.9% per annum 
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