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Jul 28, 2016 10:17 AM ET

Archived: Cambodia – Phally Group: A loan of $2,675 helps a member to purchase fertilizer for the farm.

iCrowdNewswire - Jul 28, 2016

Phally Group

Borrower image

Phally Group’s story

Phally, 37, is married and lives with four school-aged children in the Kampong Cham Province, Cambodia. She and her husband have been working as rice farmers to support her family’s income since 1997. Both of them typically makes about US$ 6 each day.

Phally, pictured first from the right, is the group leader. She is asking for a loan with a group of six members. She will use her share to purchase fertilizer for the farm, increasing her current profits and prospects for the future. She plans to expand her farmland and suppport her children to earn a higher education.

In this group: Phally, Sokry, Lina, Eng, Yet, San
*not pictured 

This loan is special because:

It provides add-on training services on financial management, agriculture and child protection. 

Vince Main
Kiva staff 

More about this loan

This loan is aimed at low-income and financially excluded families living in remote areas of Cambodia. As part of their commitment to social performance KREDIT have setup the Vulnerable Services Unit (VSU) to provide financial and educational services to their poorest clients. They offer flexible terms and a wide variety of training services including child protection, health care, agriculture and financial literacy. By supporting this loan you are helping to empower and educate people living in underserved rural communities

About KREDIT Microfinance Institution Plc.:

KREDIT Microfinance Institution Plc., is one of Kiva’s most established partners in Southeast Asia. The organization empowers the economically-active poor and small entrepreneurs by providing inclusive financial services. Beyond loans, KREDIT offers low-income clients complementary training in debt management, savings and budgeting. In addition, KREDIT partners with NGOs to offer training in primary health care, agricultural techniques and HIV/AIDS awareness.

For more information on KREDIT, please visit its partner page. If you would like to engage more with KREDIT and its borrowers, you can also join its lending team, KREDIT MFI Cambodia.

A loan of $2,675 helps a member to purchase fertilizer for the farm.

Contact Information:

Phally Group

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