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Mrs. U. Vary is 39 years old, and she and her husband married in 1990. They have four children, all of whom are in school studying in grades 3-9. They live in a fertile farming area along the Tonle Bassac (river), a tributary of the Mekong, several kilometers south of Phnom Penh. She is requesting this first loan from MAXIMA in the amount of $800. She will use this loan to purchase a contract for the future harvest of two banana farms in her village. In 3 to 4 months she will sell them at a price higher than the agreed-upon price she pays today.

She has been farming since she was a teenager and buying and selling bananas for more than 15 years. Many people of Chinese descent live in Cambodia. During the celebration of Chinese New Year, bananas are used as a traditional offering and the price increases greatly. Vary also grows jasmine for use in Buddhist ceremonies and longan, a fruit similar to lychee. She sells these to retailers at one of the large markets in Phnom Penh.

Vary’s long-term hopes are to keep growing her business. She explained that the loan will allow her to buy a greater number of banana contracts for future sale, allowing her to make more income. As is typical in Cambodia, she plans to use any extra income to help her children continue their studies.

Additional Information


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.

About Cambodia

  • $2,600
    Average annual income
  • 256
    View loans »
    Cambodia Loans Fundraising
  • $38,170,450
    Funds lent in using Kiva
  • 3,954.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Vary to buy a contract to purchase banana tree output from two village plots now at a specified price. She will harvest in 3-4 months and sell the bananas at the future market rate.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 5, 2007
Nov 20, 2007
Currency Exchange Loss:
Jan 15, 2009