Mrs. Vanna M. and her husband, Mr. Khoeun Khiev, live along the Tonle Basac River, a tributary of Mekong River, about fifteen kilometers from Phnom Penh, the capital city of Cambodia. They have been married since 1993 and have three children – one son and two daughters.
Mrs. Vanna M. is a flowers farmer. She grows jasmine flowers and also buys other flowers from fellow villagers to resell in Phnom Penh market. Her husband has been a construction worker for eighteen years, working in the village.
Vanna had previously asked for a Kiva loan to purchase jasmine flowers on contract. She needed to pay money to the farmers before the harvest season. Unfortunately, her mother died and she had to use a part of her loan for the funeral.
She now wants to expand her business by purchasing fruits (longans and bananas) for resale. Hence she is asking for another loan of $1,200 for this purpose.
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.