Mrs. Sinat S. (pictured above) is 42 years old and her husband, Mr. Sarat Vat, is 48 years old. They live on an island in the Mekong River, about 15 kilometers from Phnom Penh City. They have been married since 1991 and have two children -- one son and one daughter. The son is a driver and the daughter has full-time employment.
Mrs. Sinat sells clothes in Phnom Penh market. Her husband assists his wife in the business. He hopes establish a business selling meatballs, but he does not have capital. Hence Sinat is asking for a loan of $500 to provide capital for her husband.
Sinat’s husband will use the loan to buy a motorbike to carry meatballs for sale.
MAXIMA Mikroheranhvatho 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.