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Kakda
A young man residing in Battambang province, Kakda is 23 years old and works in a local organization in order to deal with the daily cost of living. He has occupied this job for three years.

Kakda wants to build up his skills, so he decided to take a first loan with VisionFund (Kiva’s partner). He will spend this entire loan amount to pay for his university tuition fees; he is majoring in English. He hopes that this loan will provide him sufficient capital to cover his education costs, so he can obtain a job with higher position and make more income to improve his lifestyle.

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
  • 108
    View loans »
    Cambodia Loans Fundraising
  • $35,456,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Kakda to pay for tuition fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014