She does rice-planting while her husband is a palm juice maker. With 30 years' experience in this business, she is able to earn up to USD 3 per day and keep USD 1.5 each day as savings.
Samon has joined VisionFund, Kiva’s partner, this cycle as a first-time borrower. She is now applying for a loan to pay her son’s university tuition.
She hopes this loan will enable her to keep her son in tertiary education until graduation and also help relieve the financial burden for her family. Thereby she can sustain and grow her business.
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 CambodiaVisionFund 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.
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