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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.

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
  • 63
    View loans »
    Cambodia Loans Fundraising
  • $41,769,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,000 helped Savel to cover the costs of a four-year academic program.
62% repaid
Repayment Term
50 months (Additional Information)
Repayment Schedule
Oct 18, 2013
Nov 21, 2013
Currency Exchange Loss: