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.
About MAXIMAMAXIMA 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.
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