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Phalla's Group
In this Group: Phalla, Ra
A rural villager located in Kampong Cham province’s Tbaung Khmum district, Phalla is 45 years old and a married father of three children. Phalla is a rice farmer and a pig-raiser who has been involved in these businesses for 18 years. He is able to earn up to 40,000 KHR per day. In his group of two, Phalla is the group leader. He and his co-borrower have been with VisionFund for at least two past loan cycles. Phalla has repaid his loan completely and he feels confident in keeping his current businesses in good shape. Now, he and his group member are seeking 1,200,000 KHR each. As the leader, he is going to use his portion to buy pig feed. He hopes to fatten his pig in a healthy condition so that he can sell it for a high price.

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
  • 232
    View loans »
    Cambodia Loans Fundraising
  • $37,057,450
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phalla's Group's $600 loan helped a member to buy pig feed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 23, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013