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Ratanak
Ratanak is a single young man residing in Battambang Province's Ek Phnom district in Cambodia. He lives in a family consisting of seven members including him and his mother who sell vegetables and meats for family income, as the breadwinners in the family. Now, he has his own job at a local NGO (Non-profit Organization) and receives a decent income to support the family. Ratanak wants to pursue his master's degree specializing in Tourism at a local university. Therefore, he applied for his first loan with VisionFund (Kiva’s partner) in order to pay his tuition fee. He hopes that this loan will relieve his financial burden so that he can pay more attention to his studies and get a good job to support his family.

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
  • 260
    View loans »
    Cambodia Loans Fundraising
  • $37,524,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ratanak to pay his tuition fee.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2015