Siem, age 47, lives in a village about 20 kilometers from Phnom Penh City. She is a widow with four sons and five daughters. Three are married and live in separate homes, two are construction workers, one is a garment worker, one assists his mother in the business and the other two attend school.
Siem is a farmer, she grows vegetables on her farmland in the village where she lives. She is applying for her first loan in the amount of $1,000 to buy seeds, fertilizer and pesticide to maintain her farm and pay for plowing fees.
Photo: Siem and her son.
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.