Laiheang, pictured here, lives with her sister and widowed mother in a suburb of Phnom Penh. She has just finished her first year at an accounting institute on Phnom Penh and will start her second year soon. In Cambodia, bachelor degree study consists of four years that are divided into two semesters each year. Students can pay school fees yearly or by the semester depending on the school or university policy.
Laiheang is requesting her second loan to pay her upcoming school fees.
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 Microfinance Plc 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.