Mr. Pon C. (pictured with his wife) and his wife, Mrs. Ky Phon, live in a small village across the Mekong River, about 15 kilometers from Phnom Penh City. They have been married since 1975 and have five children. Three of the children are married and live outside the family home, one is a security guard, and one is a farmer. The couple is old, however they are still strong enough to work.
Pon has been selling cows for 35 years. He learned the business from his father. He buys cows from other villages and resell to customers who come to buy them at his home. His wife runs a grocery store in front of her house and is also a farmer.
Pon had asked for a Kiva loan once before, he now is requesting another loan of $1,200 USD to purchase additional cows for resale and to help his wife expand her grocery store.
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.