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Phat's Group
In this Group: Phat, Pov, Mom
Phat, 42, lives in a rural area of the Moung Russey district of Battambang province, Cambodia. She has three children, all of whom are dependent on her and they are in school. Rice farming and sugarcane planting on 2 hectares of farmland are the main sources of her family’s income, which Phat has been in for 10 years. To add up more income for the family, her husband also raises pigs in the local area. The current business earns her approximately 19,000 KHR per day and allows her to save about 10,000 KHR each day after daily expenses.

Phat has been a member of Kiva’s partner, VisionFund, for four loan cycles and completely paid back the past loan, which has improved her family's livelihood. Now she is leading her group of three to ask for a loan. Phat, who is the leader, will use her portion to buy fertilizer and pesticide for her farmland and use a portion of it to spend on labor costs. Phat hopes this loan will enable her to grow her rice fruitfully and timely so as to improve her standard of living and keep her children in school.

Additional Information

About VisionFund Cambodia

VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.

Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.

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.

About Cambodia

  • $2,600
    Average annual income
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,919,225
    Funds lent in using Kiva
  • 4,036.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phat's Group's $900 loan helped a member to buy fertilizer and pesticide for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 11, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013