She’s an undergraduate student who dreams of becoming a nurse, and with help from Zomia lenders her dream will come true.

About the Film

“Not Just a Student” was filmed in Chiang Mai and Pong Yaeng, Thailand, in October 2016. The film features Zomia students Mwe Leng, the main character, and Sai Noom, the male student depicted near the end. Other participants include Shengsar, Jonathan, Ying (and her family), Steven, Maybel, and Mway. Music is from “Eyes Wide Open,” by Tony Anderson.
Zomia owes a huge debt of gratitude to our friends in Washington, DC, who put a great deal of time and energy into making the film:

How You Can Get Involved

Lenders are the reason our students are in school. Taking these three actions will help us expand our community and reach more students:
  • Share this video. (Look for the handy sharing buttons floating on the edge of this page!)
  • Follow Zomia on Facebook and Instagram.
  • Help a student attend school. For as little as $25, you can support a student today.
How it Works

What is Zomia SPC?

Zomia SPC is a social purpose corporation launched in 2014 to increase access to higher education among students in marginalized communities. We do so principally by facilitating affordable student loans, engaging a community in a peer-to-peer lending process that connects students in need with individual lenders.

Registered in Washington State, Zomia SPC is a for-profit corporation with a social mission. Legally, Zomia cannot profit from its education loans.

What is peer-to-peer lending?

Peer-to-peer lending (often abbreviated “P2P”) occurs when one or more individuals lend money to another without the involvement of a traditional financial institution such as a bank. Zomia employs a peer-to-peer lending model tailored for higher education, in which individuals can contribute a small loan towards financing a student’s education. Learn about P2P lending on Wikipedia.

Where does Zomia work?

Currently, Southeast Asia. Zomia was launched to address the unusual disparity of opportunity that exists in the region, particularly among the Myanmar immigrant population in Thailand. While high-quality universities exist in Southeast Asia, the lack of traditional financing available to students from marginalized communities makes them prohibitively expensive.

How does lending work on zomia.org?

Visitors to zomia.org register as lenders and fund student loans using a credit card or PayPal account. Over the course of a student’s education, lenders and borrowers can interact virtually through updates and messages to each other. After graduation, a borrower’s financial situation is assessed; if appropriate, Zomia begins collecting income-based repayments, which are then distributed to lenders proportionally via their lending accounts. Lenders can then withdraw their funds or re-use them to support other students.

Do my loans go directly to students?

It depends. If a loan is marked “pre-funded,” the student has already received funding from Zomia and lender funding is replacing Zomia funding. This allows Zomia to identify and support other students for future funding. Backfilling is critical to the Zomia model, giving students confidence they will be funded for a full term even before funding is secured on the website.

Loans marked “partially pre-funded” have not been pre-funded or disbursed in full. Zomia must secure additional lender contributions to meet the total funding need. In either case, loan funding provided by lenders can only be used to support student loans, and lenders are linked to the students they support for loan repayment. Lenders can search for pre-funded and partially pre-funded loans from Zomia’s student roster.

Do I receive interest on the loans I fund?

No. Although lenders receive repayment up to the amount they lend, without adjustment for inflation, the act of lending to a Zomia student is philanthropic in nature.

Forfeiting profit enables students to borrow with peace of mind at an affordable rate. Neither Zomia nor its lenders profit from a student’s financial need.

Are my loan contributions tax-deductible?

No. Although the act of funding a Zomia loan is philanthropic in nature, it is not tax-deductible because lenders receive repayments after a student finishes school. While full repayment is not guaranteed, Zomia employs a rigorous underwriting process and repayment pooling (among other mechanisms) to reduce the risk of loss to individual lenders.

Will I get repaid? If so, when?

Zomia strives to ensure that every lender is repaid in full, but full repayment is not guaranteed. Mechanisms such as repayment pooling and incentives during repayment are used to encourage repayment and reduce risk, but Zomia’s loans are unsecured. (No homes or land can be seized in the event of loan default.)

Repayment typically takes at least two years, with larger loans taking a decade or longer. Loans are listed with a target repayment start date and contract duration. Contracts range from ten to twenty years depending upon the amount borrowed and may be extended via deferments. If the contract period elapses before a loan is repaid and all contract requirements have been met, the remaining debt is forgiven.