Mr. C., age 52, and his wife, Mrs. Mach Reun, age 51, live along National Road Number Six about 25 kilometers from Phnom Penh, the capital of Cambodia. They have been married since 1979 and have three children, one son and two daughters. Two of the children are garment factory workers and another one is in school.
C. and his wife have been selling fish for three years. They buy fish from a fishing lot and fishermen, and then resell the fish in the village where they live and at the market in Phnom Penh. He is applying for his first loan of $1,200 to purchase a motorbike. He will also use his loan to expand his fish business.
MAXIMA Microfinance Plc 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.