Phearun, age 19 and unmarried, lives with his parents and brothers and sisters in a suburb of Phnom Pen. His parents are farmers.
Phearun has just finished his baccalaureate studies. His goal is to continue his education by pursuing studies in nursing at the university in Phnom Penh City.
He has decided to apply for a loan in order to pay his 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 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.