Phal Phat

Thank you for your loan. It has been disbursed to Phal Phat by CREDIT MFI -- World Relief in Cambodia. We are excited to watch this business grow. Over the next 18 - 18 months, CREDIT MFI -- World Relief will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Phal Phat has lived in Kampong Cham province for 34 years. He is an accomplished pig breeder and is currently sending all of his children to school. He also lives with his two parents and wife. His aunt first told him about CREDIT and he mostly chose to take out a loan because of the long term loans available along with low interest rates and good service. He found this much easier than borrowing from relatives as he had in the past. He spent the funds on a plot of farmland on which to raise pigs. He earns about 5 US$ per day. The extra income for the most part has gone into buying feed for the pigs and his kid’s education. Education is expensive costing about 1 US$ per day per child, but it is worth the cost to him. He has faced a few financial issues in recent months but is still repaying his loan faithfully. He would like expand his business someday to raising fish as well and maybe own a small grinding mill.