Total loan: $575
Battambang province, Ek Phnom district, Battambang Province, Cambodia / Agriculture
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Phorn's Group's loan finished fundraising,
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A loan helped To purchase potash and to pay the plowing fee.
Phorn's Group's story
Age 56 and a rural villager from Ek Phnom district of Battambang Province, Phorn is also a father of eight children. Currently, some of his children are still in school and some are helping in the family’s business. He is a peasant who grows rice and soybeans as a primary source of income in order to cover the daily cost of living for the rest of his family. Phorn has been engaged in this business for several years. Now, he is in need of working capital in order to be ready for the replanting period in the upcoming dry season. Therefore, he formed a group of two in order to apply for a new loan with VisionFund. This is the third loan for Phorn with VisionFund (Kiva’s partner). He has paid back his loans completely and it enabled him to sustain his living and improve his livelihood gradually. This cycle, he is seeking 1,000,000 KHR and his co-borrower is applying for 1,200,000 KHR. As a group leader, he will spend his loan portion to purchase potash and to pay the plowing fee. He hopes to grow his rice seasonally and get back a good yield to maintain his lifestyle.