Chanthan pictured here) is 31 years old and his wife, Sarim, is 30 years old. They have been married for eight years and have two young children, one son and one daughter. The family is living in a village outside of Phnom Penh City.
Chanthan is a chef; he cooks for wedding parties and other occasions. He also drives a motor taxi when he is free. His wife is a garment worker. He is asking for his first loan of $1,000 to assist in his parents’ business making prahoc (a popular Cambodian condiment made of fermented fish paste and salt). Chantha’s parents will use the loan to buy small fish and other ingredients to make prahoc.
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.