Mr. Songneang S., 42 and his wife, Mrs. Chanthoeun Chea, 30 were married in 1997 and have two children: one son and one daughter. The eldest son attends school and the daughter is still young. The family lives along national road number one about 15 kilometers from Phnom Penh.
Songneang has been a security guard for a company for eight years. His wife has been selling food and dessert in front of the garment factory for two years. She buys ingredients from Korky market which is about 5 kilometers from her house. She is able to receive a gross profit of about $6.25 per day.
Songneang’s old motorbike doesn’t work properly, so he is requesting his first loan of $1,000 to purchase a replacement motorcycle.
MAXIMA Mikroheranhvatho 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.