Theara is 25 years old, and her husband Samut is 32 years old. They have been married since 2008 and just have one daughter age five months old. Theara also has an elderly mother and one sister and one nephew living with her. The family lives in a suburb of Phnom Penh.
Theara and her husband are garment workers. She is asking for her first loan of $1,300. She will use $700 to help her nephew to launch a business installing cell phone applications and Mp3 and Mp4 player by buying a desktop computer and materials needed in his business.
Theara will also use $600 of the loan to fill in the land in front of her house. There are some small ponds, so she needs to fill it in.
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.