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Phorn
Phorn, 60, is a father of seven children and a resident from Battambang province. Nowadays, he needs to support only three children as they are in school. He deals with the daily costs of living via rice and maize farming as the main source of income, whereas his wife helps to generate additional income via sweets and ice selling.

With VisionFund (Kiva’s partner), Phorn is a firth-cycled client. Now, he is seeking an education loan in order to pay for school fees and materials for his daughter who wants to pursue a bachelor degree, specializing in Human Resource Management.

He hopes that prompt financial support will enable his daughter to pay more attention on getting a good score, and get a good job after she graduates.

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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,450 helped Phorn to pay for school fees and materials for his daughter.
9% repaid
Repayment Term
62 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
N/A