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Mao
Mao is 63 years old and a widowed mother of six children. Nowadays, she resides in Kampong Speu province where she grows her paddy rice as the main source of income. Besides this agribusiness, she can earn more income via working for others for a fee. This business has returned her almost $7 per day.

This is the first loan for Mao with VisionFund(Kiva’s partner). Mao applies for this loan in order to pay for education for her daughter who wishes to continue her study towards a bachelor's degree in English Literature. She hopes that her daughter can get good job after graduate.

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
  • 278
    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 $1,800 helped Mao to pay for education for her daughter.
100% repaid
Repayment Term
50 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 25, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014