Mom (pictured above) is 28 years old and her husband Phat is 31 years old. They live in the area surrounding Phnom Penh, the capital city of Cambodia. The couple has been married since 1999 and has two young daughters.
Mom sells fish and vegetables in Phnom Penh market, while her husband Phat is a driver for a company. Mom wants to buy her own space at the market, but she does not have enough money. Therefore, she is asking for her first loan of $1,200.
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.