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Channy
Originally from a rural village of the Kampong Chnang province’s Tek Phos district, Channy is 56 years old and married with three children. She earns a living through farming rice, and in order to feed and support her family members, she also works as a tailor and sells rice soup. Having been in these businesses for 34 years, she is able to earn about US$17 per day, and manages to save about US$9 each day for the future needs.

Channy has been with VisionFund for two loan cycles and completely paid back the past loans. Now she is applying for a loan to pay her child’s tuition fee. She hopes this loan will enable her to keep her child in school.

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
  • 116
    View loans »
    Cambodia Loans Fundraising
  • $35,436,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,300 helped Channy to pay her child’s tuition fee.
9% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 14, 2014
Listed
Feb 15, 2014
Currency Exchange Loss:
N/A