Rem is requesting a loan to help her daughter attend a university program in Phnom Penh. She will use the loan to pay the fee for a four-year course. Her daughter’s major is accounting and finance which the most popular subject for female students in Cambodia. Rem said she is a hardworking farmer who earns a living through physical labor and she doesn't want her children to follow her way of hardship. She will try her best to provide opportunities to educate each of her children after their graduation.
Rem is very happy and thankful for her loan funded via Kiva through its partner HKL to enable poor students to pursue a higher education and contribute to the future development of Cambodia.
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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