Sopheak wants to borrow a loan of 800 US dollars to pay tuition fees for the first two academic-years of a course at Build Bright University. He understands that an education will give him the opportunity to get a high-paying job that will allow him to support his parents in the future. During this course, Sopheak plans to find a part-time job in order to help his parents repay the loan. Sopheak appreciates the help of people all around the world who have contributed to programs like Kiva via its partners, HKL, which have supported his education individually and other low-income family.
More information about this loan
This loan is part of HKL's new higher education loan program, designed to help students pursuing university degrees to afford tuition and other school-related expenses. Through this program, HKL expects to increase the number of Cambodians with access to higher education and better-paying jobs. Ultimately, it aims to reduce poverty and aid economic development in Cambodia. HKL has designed this loan product to meet student needs including a lower interest rate, grace period on principal while the student is in school, and longer loan term.
Please be advised that this loan might carry a grace period while the student is in school that may result in a lengthy loan term. Please refer to the Repayment Schedule before making this loan.
About HKLHattha Kaksekar Limited is one of the largest and most successful microfinance institutions (MFIs) in Cambodia. The organization provides microfinance services to the poor, particularly women, in urban and rural areas. Kiva lenders’ funds will be used to expand the outreach of HKL’s financial services to a greater number of clients in rural areas of Cambodia.
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Success!! The loan was 100% repaid