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Roeung is 23 years old and a single, living with his parents in Kep province. Roeung currently works for an organization and has a normal salary of USD 80 per month.

However, his earnings are not enough to pay his tuition fees at the university, so his education is subsidized by his parents. Roeung is now a second-year student, majoring in law at Cambodia University for Specialties, located in Kampot province.

At the beginning of each academic year, Roeung experiences financial difficulties to cover his education costs. To help address this issue, Roeung has applied for a loan of USD 500, which will be used to pay his tuition fees.

Roeung is very delighted and grateful for the loan funded via a program like Kiva to allow poor student like him to pursue a higher education and contribute to the future development of Cambodia.

This loan will be disbursed over several years and paid directly to the educational institution at the time of enrollment fees 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.

Additional Information

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 HKL

Hattha 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.

About Cambodia

  • $2,600
    Average annual income
  • 145
    View loans »
    Cambodia Loans Fundraising
  • $39,838,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $500 helped Roeung to pay his tuition fees.
76% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Nov 15, 2013
Currency Exchange Loss: