Sokha (in the photo) is single, age 25, and lives with his widower father on an island in the Mekong River about fifteen kilometers from Phnom Penh City. He is in the medical university in Phnom Penh. His father is a retired teacher and also buys and sells silk fabric.
Sokha hopes strongly to continue his study, hence he asks for a loan to pay for 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 Microfinance Plc 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.