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Phal, a rural villager from Battambang province's Banon district, is 51 years old and he has five children, one of whom is still in school. To support his family, he has been working as a teacher for 15 years and supplements the family’s income by making and selling snacks. The current business earns him about US$49 per day but he can save about US$15 each day after daily expenses.
This is the first loan cycle for Phal with Kiva's partner, VisionFund. Now he is applying for an education loan to cover the entire tuition fee for four years for his son, specializing in General Management. He highly hopes that this loan will enable him to send his son to university and also helps his son to obtain a higher education background and end up with a good job after graduation in order to support the family.

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
  • 168
    View loans »
    Cambodia Loans Fundraising
  • $41,452,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Phal to cover his son's entire tuition fee for four years.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 1, 2013
Nov 6, 2013
Currency Exchange Loss:
Feb 20, 2015