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Ich
Ich is 52 years old and married with seven children. They live in a rural village of Kampong Thom province’s Storng district. He and his wife earn a living through rice farming which they have been involved with for 32 years. The current business earns them about $10 per day, but Ich can save about $4 each day after his daily expenses.

Ich has been with VisionFund for three loan cycles. He completely paid back the past loans which have helped him better support his family. Now, he is applying for an education loan to pay for his daughter’s university tuition fees to study midwifery. He hopes to keep his daughter in university to pursue the degree so she can find a good job after graduation.

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
  • 198
    View loans »
    Cambodia Loans Fundraising
  • $36,972,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,700 helped Ich to pay for his daughter’s university tuition fees.
20% repaid
Repayment Term
50 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Dec 18, 2013
Currency Exchange Loss:
N/A