Total loan: $2,000
Kampong Cham, Kampong Cham, Cambodia / Education
Savel's loan finished fundraising,
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A loan helped to cover the costs of a four-year academic program.
Savel is 22 years old and single. He lives with his parents and four other siblings in a rural village of Kampong Cham province. He recently graduated from a local high school of the province and aims to further his education at a college in Phnom Penh. He is interested in the accounting major because he realizes that it’s suitable for his personality. His education is subsidized by his parents who are farmers managing a 3-hectare farmland for rice cultivation. Because of the economic limits of his family, Savel can’t afford to pay for his education fees and have enough funds to support his courses. He is seeking a loan of $2000 to cover the costs of the four-year academic program. Thanks to the all lenders around the world who contribute their funds to programs like Kiva via its partner, Hattha Kaksekar Limited (HKL), to help a poor student like him further his education. This loan will be disbursed over a period of several years and paid directly to the educational institution at the time that enrollment fees are due for each academic year. Accordingly, there is the possibility of a small variation in loan amount and repayment terms, based on shifting class availability and prices. Kiva lenders will be notified with a journal update in the event of any future changes to the loan terms.