Mrs. Reang K., 50, is a widow with three children – two sons and one daughter. One of her children is a garment factory worker, one is in university and the other is in high school. The family lives in a suburb about 20 kilometers from Phnom Penh.
Reang has been operating a business renting a part of her house to garment factory workers because her house is located near a garment factory. She is asking for her first loan of $1,200 to pay school fees and buy a computer laptop for her son who is in university.
MAXIMA Mikroheranhvatho 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.