Mr. Rich C., age 29 (pictured with his wife) and his wife, Mrs. Vannem Bou, age 26, were married in 2005 and have one son. The family lives along National Road Number One about seventeen kilometers from Phnom Penh.
Rich has been repairing sewing machines for 3 years. His wife has been a hairdresser for 2 months, but she doesn’t have enough materials for her business. So, Rich is asking for a loan of $1,000 so he wife can purchase materials for her beauty salon.
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.