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Phally's Group
In this Group: Phally, Mai
Phally, 40, is a citizen from Ek Phnom district of Battambang province. Besides working for others for a fee, she also has her own businesses including tailoring and chicken raising in order to support the daily basic needs of her family. Phally has been with VisionFund (Kiva’s partner) for ages, and has taken out nine loans which she has repaid successfully. She feels very confident that she can upgrade her living status progressively especially in providing daily food for her family.

Now, her current requested loan amount is 1,000,000 KHR, the same amount as her co-borrower. She is the group leader and will use her loan portion to buy necessary materials to build a new, decent house for her family. She hopes this purchase will help her to renovate her house in a timely manner.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 263
    View loans »
    Cambodia Loans Fundraising
  • $37,517,900
    Funds lent in using Kiva
  • 3,995.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phally's Group's $525 loan helped a member to buy necessary materials to build a new, decent house for her family.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014