Mr. Meng P., 47, and his wife, Mrs. Chan Lach, 49, have been married since 1980 and have seven children: six sons and one daughter. Two of the children are married and live outside the family home, one is a monk, two assist their parents in the farming business and another one attends school. The family lives along National Road Number 1 about 15 kilometers from Phnom Penh City.
Meng and his wife are farmers. They grow vegetables on their farmland in the village and sell their products to a middleman who comes to their home. Meng does not have enough capital to purchase seed, fertilizer and pesticide to maintain his vegetable farm. So, he is asking for his first loan of $600 to use for the purpose.
The couple is pictured above.
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.