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Phally's Group
In this Group: Phally, Dara, Kem
Phally is aged 25 years and married with one dependent daughter; she lives in a rural village of the Battambang province’s Bovel district and earns a living through growing corn and cassava. Together, she and her husband can earn about KHR 57,000 per day from the current business and can save about KHR 20,000 each day for future needs.

This is Phally’s group loan with Kiva’s partner, VisionFund, and she is just with VisionFund in this cycle. Now she is leading her group to ask for a loan. She is going to use her portion to buy fertilizers and seeds for her farmland. She hopes to grow more corn and cassava and sell it for a good price so as to make a living better.

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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,105,500
    Funds lent in using Kiva
  • 3,986.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phally's Group's $1,025 loan helped a member to buy fertilizers and seeds for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 10, 2013
Listed
May 11, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014