Laiheang (pictured here), age 19, is single. She lives with her sister and widowed mother in a suburb of Phnom Penh.
Laiheang is applying for her first Kiva loan in the amount of $400 to pay for her school fees. She has finished her first semester of the first year of her accounting institute in Phnom Penh and she will continue her second semester of the first year soon.
She will use money from the loan to pay for second semester of first year and first semester of second year.
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.
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.