To overcome the family’s hardship she does rice farming on a one hectare area and sell sweets in local school. She has involved in this business for 20 years. Mavatey has never been with VisionFund (Kiva’s partner). She is seeking for this first loan in order to pay for the university’s tuition fee of her son who is studying in a local university specializing in Management. She hopes this loan will provide financial support for her son’s education on time.
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 CambodiaVisionFund 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.
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Success!! The loan was 100% repaid