Mrs. Chantha Y. sells dessert at her house in the village; her husband, Mr. Sros Soeung, is a farmer. They have been married since 1993 and have four children: two sons and two daughters. The family lives in a Phnom Penh suburb.
Chantha has applied for a Kiva loan twice already (see here and here). Her second loan was used to purchase a motorbike for commuting. She now is asking for $1,000 as her third loan to buy another motorbike for her son to launch a motor taxi business.
Chantha will also use a part of her loan to connect her house to a private electricity utility service.
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.