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Chem
Chem, a rural villager from Stoeng Sen province's Kampong Thorm district, is 28 years old and single. Chem has been working in one company in the village. She has been in the job for almost one year and she is able to earn about US $5 per day to meet the family’s needs.

This is the first-cycle loan for Chem with Kiva's partner, VisionFund. She is applying for an education loan to cover her entire tuition fee for four years in a local university, specializing in Management. She highly hopes that this loan will enable her to attend university and also help her to obtain a higher education background and 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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 155
    View loans »
    Cambodia Loans Fundraising
  • $35,792,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Chem to cover her entire tuition fee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Oct 17, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014