Phalla is a 35-year-old married mother. She has two children who are still in school. Phalla is living in a wooden house in a rural area of the Moung Russey district of Battambang province, Cambodia.
For 15 years she has been planting cassava and rubber on a two-hectare area of farmland as the main sources of her family’s income. Her daily income is approximately US $11 per day, and she manages to save about US $5 each day after offsetting daily expenses.
This is Phalla's first microloan with VisionFund. She is requesting a loan of US $1,000 to buy rubber seedlings for her rubber-planting business. She hopes to grow her rubber and cassava healthfully and timely so as to improve her lifestyle and keep her children in school.
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.