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Sophal
Sophal, a rural villager from Kampong Thom province's Stoeung Sen district, is 21 years old. To support the family, he works as a security guard in a local area. He can earn approximately US$5 per day to better support his family and can manage to save about US$2 each day after daily expenses.

This is the first microloan for Sophal with VisionFund. He is applying for an education loan to cover the entire tuition fee at a local university specializing in finance and banking. He highly hopes that this loan will enable him to obtain a higher education background and that he will end up with a good job after graduation in order to support the 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
  • 318
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $650 helped Sophal to cover the entire tuition fee.
45% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
N/A