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Lon
Lon is a young man residing in Takeo province, where he does his agribusiness and rice farming. Lon wants to pursue a bachelor degree, majoring in Business Administration. So he applied for an education loan with VisionFund (Kiva’s partner) as a first-time borrower, to pay for his tuition fees.

He hopes that he can hold a bachelor degree and get a good job after he 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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 265
    View loans »
    Cambodia Loans Fundraising
  • $37,506,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Lon to pay for his school tuition fees.
100% repaid
Repayment Term
62 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 20, 2015