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Nora
Nora (in the photo), age 21, is single, and lives with her parents and sister and brother in Phnom Penh suburb.

Nora is now in her third year of her university in Phnom Penh, majoring in management. She wants to study more English, so she applied for her first Kiva loan in the amount of $900 to pay for her English language university fees.

With English language university, Nora will study for five years. Hence, she will use money from the loan to pay for whole five years.

Additional Information

More information about this loan

This loan is part of Maxima's new higher education program designed to increase access to college degrees for students from low-income families. This is a new initiative for Maxima, developed with technical assistance from Vittana, another Kiva partner focused on student loans. By making education more affordable, this loan program is well-positioned to help young people lift themselves out of poverty and start creating change for their families and communities.

About MAXIMA

MAXIMA Mikroheranhvatho is a Cambodian microfinance institution founded in 2000 to help low-income rural and urban people and small- to medium-sized businesses (SMEs) access financial services. Sustainable access to credit helps to create jobs and enables business owners improve their living conditions, educate their children, provide health care to their families, and more. It also enables the rural poor to remain at home with their families, rather than moving to city centers in search of employment.

About Cambodia

  • $2,600
    Average annual income
  • 107
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Nora to pay fee for her English language university.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Mar 31, 2013
Currency Exchange Loss:
N/A
Ended:
May 23, 2013