Mrs. Sophea M. (in the photo) is 34 years old and her husband, Mr. Moeun Mem, is 33 years old. They have been married since 1999 and have three children: two sons and one daughter. They are living on an island in the Mekong River about 15 kilometers from Phnom Penh, the capital of Cambodia.
Mr. Moeun Mem has been selling cows for three years. He buys cows from his village and sells them in other districts far away from his house. Sometimes, there is a middleman who comes to buy cows at his home as well.
Sophea has been selling vegetables and meat in the local market for six years. She is asking for a loan in the amount of $700 to help her husband purchase a cow 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.