Mr. Dy S., 62, (shown in the picture with his wife) and his wife, Mrs. Sokha Chhet, 53, live along national road number one about 20 kilometers from Phnom Penh City. They were married in 1970 and have three sons and three daughters. Four of them were married and live outside the family home, one son is a teacher and another son attends school.
Dy has been a farmer since 1979. He grows cauliflowers and cucumbers in the farmland in his village. His wife has been selling grocery for 2 years. One of his daughters is a hair dresser, but she doesn’t have enough materials for operating the business.
Hence Dy is asking for his first loan of $1,000 to purchase materials for hair and beauty salon for his daughter’s business.
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.