Mr. Chanthy V., is 29 years old and his wife, Mrs. Sophoin Toun (they are pictured together), is 27 years old. They live about seventeen kilometers from Phnom Penh. They have been married since 2004 and have 3 sons. One of them is in school and other two stay at home.
Chanthy and his wife have been selling vegetables and fruit for four years. They buy the produce under contract from their village and transport it by cart to sell in Derm Kor market located in Phnom Penh City. But, their cart is old and breaks down, so Chanthy is asking for his first loan of US$ 1,000 to purchase a new cart to carry vegetables and fruit for sale. He also will use a part of the loan to buy fruit under contract for resale.
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.