Sokhorn (pictured above) is 49 years old and her husband, Roem, is 52 years old. They have been married since 1985. They have one daughter who is married and still lives in the family home and one daughter who works for a bakery. The family lives in a village about 25 kilometers from Phnom Penh City.
In the local market, Sokhorn sells fruit and fish that her husband catches. Her husband is a fisherman. Because he has to paddle his boat which is difficult for him, he spends a lot of time moving his boat to other places and he can’t get back home in time to sell the fish he caught. Hence, Sokhorn decides to request a loan in the amount of 700 USD to assist in her husband’s fishing business by buying a boat motor and repair the boat.
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.