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Residing in the Samrong District of Takeo Province, Sophany is 42 years old and married. She has five sons, four of whom still depend on her and who are still in school. The other one is a first-year university student. Sophany has struggled to make a living through silk weaving for her five children’s sake especially for their education while her husband supplements their income via two hectares of rice cultivation. Sophany has been engaged in her business for 21 years and is able to earn up to US$14 per day. However, she is able to save only US$3 per day after deducting all related expenses.

Sophany has never been with Kiva's partner, VisionFund, before. Now, she is applying as a first-time borrower with VisionFund for a US$1,200 loan to pay for her son's university fees for the remaining three years. She hopes that the loan will enable her to keep her son in university to pursue his degree so he can find a good job after graduation. This will also help to relieve her financial burden and worry about the future in terms of supporting her children’s education. Hence, she can use the earned income from the current business to sustain and grow her business and also can pay more attention to generating more income for her family especially to support her other children.

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
  • 140
    View loans »
    Cambodia Loans Fundraising
  • $41,481,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Sophany to pay for her son's university fees.
100% repaid
Repayment Term
52 months (Additional Information)
Repayment Schedule
Oct 24, 2012
Nov 21, 2012
Currency Exchange Loss:
Aug 17, 2014