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Bunroeng
Residing in the Samroung district of Odor Meanchey province, Bunroeng is 25 years old and married. He has three kids, all of whom are too young for school. He has struggled to make a living through for farming rice and working as a teacher for five years. He is able to earn about $17 US per day to meet the family’s needs.

This is Bunroeng’s first micro-loan with VisionFund. Now he is applying for an education loan to pay for the school fees for him to study Finance and Banking. He hopes that the loan will enable him to pursue the degree at university so as to 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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $35,122,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,875 helped Bunroeng to pay for the school fees for him to study Finance and Banking.
14% repaid
Repayment Term
50 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
N/A