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Phalla's Group
In this Group: Phalla , Sreyoun
Phalla lives in a rural village of the Moung Russey district of Battambang province, Cambodia. She is 28 years old and married with two children. To support her family, she has been working as a rice farmer on a five-hectare farm for several years. To earn additional income, she also works as a paid worker. The current business earns her about 24,000 KHR per day and allows her to save 14,000 KHR each day after expenses.
Phalla has been with VisionFund for four cycles while the other member has been with VisionFund for one cycle. Phalla repaid the past loans. Now she and her group members are asking for a loan of 1,400,000 KHR and 1,200,000 KHR respectively. She wants to use her portion to buy fertilizer and rice seeds for her farmland. With this loan, she hopes to grow healthier rice to increase her family’s income and make a better living.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $36,585,575
    Funds lent in using Kiva
  • 3,987.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phalla's Group's $675 loan helped a member to buy fertilizer and rice seeds for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014