Sychan (pictured above) is 24 years old and her husband, Nit, is 29 years old. They have been married since 2008 and they have just one young daughter. The family lives in a suburb of Phnom Penh.
Sychan sells sugar cane juice at home in her village. Her husband is a cell phone and walkie talkie repair man. He is hired and gets paid with fees. However, he wants to launch his own business selling and repairing cell phones and walkie talkies.
Hence, Sychan has decided to ask for a loan of $1,000 to help provide her husband with capital. Sychan’s husband will use the loan to build a shop and buy cell phones, walkie talkies, and materials needed in his business.
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.