Eun is 51 years old and has been running a grocery store at home for ten years. Her husband Nhak who is 54, is a farmer. They have seven children, five sons and two daughters. One is married and lives outside the family home, two have full-time employment, one is learning hair dressing skills, and the others are in school. They live in a village across the Mekong River about seventeen kilometers from Phnom Penh City.
Eun is requesting her first loan of $500 to expand her grocery store by buying additional grocery items. She will also use a portion of the loan to launch a hair salon for her daughter when she finishes her training.
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.