She has been involved in her current business for ages, and she can earn about USD 6 per day. With VisionFund (Kiva’s partner), she is a six-time borrower including this loan.
With this loan, she manages to support her lifestyle in a good pace and to keep her kids in school. She will spend the entire loan portion to cover the school fee for her daughter, who wants to study accounting.
She highly believes that her daughter will get a good job as an accountant and earn a decent income for the family.
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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