Phalla, a local farmer from Takeo Province’s Bati district, Cambodia, is 32 years old and the married father of three schoolchildren. He grows rice and his wife sells sugarcane juice in order to support their children. He has been involved in this business for 20 years. Phalla is applying for his second loan with VisionFund, Kiva's partner. He used his previous loan to expand his business gradually and to support his family. He has completely repaid his first loan already. His new loan request is for 500 US dollars. He will use the loan to buy a sugarcane squeezing machine to support his wife's business and fertilizer for his farmland. He expects to receive a high yield so he can earn more income in order to maintain his children's education.
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.