Since she has an extensive family, which has seven members, her parents cannot provide enough support for their children. Therefore, Srey Neath requests a loan of $3050 to pay for her tuition fee. This money will help her to obtain enough financial resources to pursue her university studies. In the future, she hopes to get a good job as a banker, in a financial institution in Phnom Penh, the capital city of Cambodia.
More information about this loan
This loan is part of KREDIT’s higher education program, targeted to poor, low-income, and middle-income students who would otherwise not have the means to attain a higher education. With Kiva funding, KREDIT has designed a new product to cater to the needs of students. KREDIT believes that all students, regardless of income, should have educational opportunities and sees developing human capital as vital to Cambodia’s future.
Please be advised that this loan may carry a grace period while the student is in school that could lengthen the repayment term. Please refer to this loan’s repayment schedule before lending.
About KREDITKREDIT Ltd. is one of Kiva’s most established partners in Southeast Asia. The organization empowers the economically-active poor and small entrepreneurs by providing inclusive financial services. Beyond loans, KREDIT offers low-income clients complementary training in debt management, savings and budgeting. In addition, KREDIT partners with NGOs to offer training in primary health care, agricultural techniques and HIV/AIDS awareness.
For more information on KREDIT, please visit its partner page. If you would like to engage more with KREDIT and its borrowers, you can also join its lending team, KREDIT MFI Cambodia.
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