The main source of income is via her occupation as a construction worker — the occupation which she has been with for ages — and it has returned her $8 USD per day.
This is the first loan for Nayoeurng with VisionFund (Kiva’s partner). Since she wants to focus on her son’s education, she will spend her entire loan portion to cover the tuition fee for her son, who wants to pursue a bachelor's degree, majoring in accounting. She highly believes that her son will get a good job after he graduates.
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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