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Kolab
Kolab is a citizen from a rural area located in Kandal province’s Kean Svay district, where crop farming is the common business to make a living. She is married and a 59-year-old mother of eight children. To feed her household, she earns a living through farming rice. Having been in this business for 30 years, she is able to earn up to $6 USD per day from the business.

Kolab has been with VisionFund for one loan cycle. The past loan, which she completely paid back, enabled her to better support her business. Now, she is asking for another loan VisionFund to pay for the tuition fee for four years of her son’s bachelor's degree majoring in management. This loan will enable her to send and keep her son in university. She hopes that her children will have good and bright futures from his academic studies, and make a better living in the future.

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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,587,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Kolab to pay for the tuition fee for four years of her son's bachelor's degree in management.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014