Mr. Sovanna O. is a 35-year-old and his wife, Mrs. Phalleap Sao is a 34-year-old (pictured together). They have been married since 1999 and have three children--one sO. and two daughters. Both daughters are in school and the sO. is still young and stays at home. The family lives along National Road Number One about 20 kilometers from Phnom Penh City.
Sovanna is a teacher. His wife sells rice and other food at school along with her husband. He is applying for his first loan of US$ 1,000 to replace their motorcycle for commuting because the old one breaks down and uses a lot of gasoline. He will also use a part of the loan to provide capital for his wife to expand her business.
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.