Mrs. Yoeun C. (pictured in her grocery store), 62 years old, is a widow with one son and four daughters. Two of them are married and live outside the family home and the other three work in a factory. They live in a small village about 15 kilometers from Phnom Penh City.
Yoeun has been selling groceries for 10 years. She buys grocery items from Phnom Penh market for resale at her home. She hopes to purchase more grocery items to better respond to her customer’s needs, so she is asking for her first loan of $1,000 to use for that purpose.
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.