At this time, Mang has applied for a loan to pay for the university tuition fees of his son. With this loan, he can now accommodate the expenses of his son. Raksmey, pictured here, will be furthering his education with the funds from this loan. His father, who is not included in the picture, is applying for the loan from Kiva and will be responsible for principal repayments. He thanks lenders for distributing their funds in a program like Kiva via its partner HKL to push students to get better education.
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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