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Ratanak, 57, is married and lives with his wife and four children in a village of the Tbaung Khmum district of Kampong Cham province. He has been working as a tailor while his wife works for a company in the district. The current business earns them about USD 17 per day to meet the family’s needs.

Ratanak joined VisionFund Cambodia this cycle. Now he is applying for an education loan to pay for his son’s tuition fee at the university. He hopes this loan will enable him to send his son to the university, so as he can find a better job in the future.

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
  • 170
    View loans »
    Cambodia Loans Fundraising
  • $41,452,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Ratanak to pay for his son’s tuition fee at the university.
42% repaid
Repayment Term
50 months (Additional Information)
Repayment Schedule
Nov 21, 2013
Dec 17, 2013
Currency Exchange Loss: