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Leang
Residing in the Stoeung Sen district of Kompong Thom province, Leang is 43 years old and married. She has three children, one of whom is still in school. Leang has struggled to make a living by working as a tailor in the village. She has been engaged in this business for 10 years and is able to earn up to US $8 per day. However, she is able to save only US $3 each day after expenses.

Leang is applying as a first-time borrower with VisionFund for a loan to pay school fees for her daughter, who studies finance and banking. She hopes that the loan will allow her to keep her daughter in university to pursue her degree so that she will find a good job after graduation.

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
  • 316
    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 $500 helped Leang to pay her daughter's school fees.
96% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2013
Listed
Sep 29, 2013
Currency Exchange Loss:
N/A