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Samet
Samet is 48 years old and a rural villager residing in the Kos Krolo district of Battambang Province. He has four children, two of whom are students. To overcome the daily financial burden in the family, he has been farming rice, planting cassava, and growing corn for ten years. He and his wife are able to earn about 42,000 KHR per day from the current business.
Samet has not been with VisionFund in the past but he is now seeking an education loan with VisionFund, Kiva’s partner, to pay for his son’s tuition fees for the faculty of General Management. He hopes that this loan will provide financial support for his son, so he can focus on his studies and obtain a good job after the 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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,650 helped Samet to pay for his son’s tuition fees.
9% repaid
Repayment Term
62 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 18, 2013
Currency Exchange Loss:
N/A