Mrs. Roeun N. and her husband live in the PrekLaung Commune of Kandal Province, in a small village north of Phnom Penh across the Mekong River. They have two daughters and three sons, all married and living in separate households. N. has been raising pigs for the past five years, while her husband has been employed as a mototaxi driver for the past four.
This is the fifth loan N. is requesting from Maxima. Her pig-raising business has suffered since three of her pigs became sick and died, leaving only one remaining. She will use the $300 requested to purchase four new pigs as well as watermelon to sell from her home. The pig-raising business has become lucrative since the yield per kilo has risen from 5,000 riel to 8,000 riel. N. expects each pig will bring 60-70 kilo, for a market price of approximately 520,000 riel (roughly $133).
In addition to paying for family living costs, she is saving money to buy electronic equipment for her home (a television or stereo) so that she and her husband can have access to more information and news.
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.