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Nen
A widowed mother of two children who lives in the Samrong District of Takeo Province, Nen does rice planting and silk weaving to support her entire family as a single mother. With 35 years' experience in these businesses, she is able to earn up to 6 USD per day and to keep 1.5 USD each day as savings. The main expenses for her family are daily food consumption and her children’s schooling.

Nen has joined VisionFund, Kiva’s partner, this cycle as a first-time borrower. She is now applying for 1,222 USD to pay for her son’s university tuition. She hopes this loan will enable her to keep her son in tertiary education until graduation and also that it will help to relieve her family's financial burden so she can sustain and grow her business.

Additional Information

More information about this loan

This loan is part of VisionFund Cambodia’s higher education program, designed to provide financing to students in poor households who otherwise lack the financial support to continue their studies. Very few students have the financial resources necessary to go to college. VisionFund Cambodia has designed a lower-interest rate loan product for students, given the financial benefits associated with financing this loan upfront on Kiva. It is disbursed to the borrower in annual installments.

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.

About Cambodia

  • $2,600
    Average annual income
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $36,207,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Nen to pay for her son’s university tuition.
100% repaid
Repayment Term
62 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015