Mr. Chetra M., 22 (shown in the picture), and his wife, Mrs. Sreynoch Yun, 19, were married in 2007 and just have a one year old daughter. They live along national road number one apporximetely15 kilometers from Phnom Penh, the capital city of Cambodia.
Chetra has a motorbike and bicycle repairer for one year, while his wife a scarf weaver for five years. He is able to earn 15,000 riel to 20,000 riel (about 3.75 USD to 5 USD) per day. Now, Chetra is a asking for his first loan of $500 he will use the loan to purchase motorbike and bicycle spare parts for his 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.