Mr. Vannsy P. (pictured here), age 41, and his wife, Mrs. Sarun Ung, age 40, have been married since 1990 and have four children: three sons and one daughter. Two of them attend school and the other two stay at home. The family lives approximately 15 kilometers from Phnom Penh, the capital city of Cambodia.
Vannsy has been a construction contractor for 27 years and his wife has been a farmer for two years. He doesn’t have enough construction materials to operate his business and he wants to purchase more. So, he is asking for his first loan in the amount of $1,200 in order to make the purchases.
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.