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Sorphorn
Sorphorn, a rural villager from Kampong Chnang province's Kampong Leng District where rice farming is a popular business in the neighborhood, is 37 years old and she has three children, two of whom are still in school. Sorphorn has been growing sesame and also selling fish and grocery items. The current business earns her about $55 per day but she can save about $7 each day after daily expenses.

This is her first cycle as a client with VIsionFund. Now she is applying for a loan to pay the tuition fee for her son’s university. She greatly hopes that this loan will enable her to send her oldest son to university to obtain a higher education and end up with a good job after graduation in order to support the family.

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
  • 218
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,200 helped Sorphorn to pay the tuition fee for her son’s university.
5% repaid
Repayment Term
62 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 25, 2013
Listed
Nov 3, 2013
Currency Exchange Loss:
N/A