More than 28,000 students graduated from 45 private and 18 state institutions last year, but the number who went on to jobs is not known. (Photo: AP)Pich Samnang, VOA Khmer
Phnom Penh Thursday, 26 August 2010
“A student may end up jobless after graduation, so this is a high risk business.”A lack of protections and an unpredictable job market have made lending institutions reluctant to provide student loans, banking officials say.
Students may be hard-pressed to find work after they graduate a university or they may simply not finish school. This has led to closed doors for poor students, especially in the countryside.
“If we do this, it is very risky, because we don't know whether students will finish their educations,” Sophan Nary, deputy CEO for Acleda Bank, told VOA Khmer Tuesday. “Only if the students can earn some income to pay the bank back monthly can we consider offering them loans. Or only if they have guarantees to make sure the bank can get back the money it lent.”
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