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Chanly
Residing in the Ponhea Leur district of Kandal province, Chanly is 23 years old and he is single. He earns a living through working as an electrician in the local area. Having been in this job for three months, Chanly is able to earn about US$5 per day and he manages to save about US$3 each day after daily expenses.

Chanly has never been with Kiva's partner, VisionFund, before. Now, he is applying as a first-time borrower with VisionFund for a US$400 loan to cover the entire tuition fee for him to study electrical engineering at a local institute. He hopes this loan will enable him to keep studying until graduation in order to get a good job so as to support himself and improve the family's living conditions.

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
  • 107
    View loans »
    Cambodia Loans Fundraising
  • $36,200,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Chanly to cover the entire tuition fee.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2013
Listed
Jun 10, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014