Mrs. Malin K., 26, and her husband, Mr. Sopheap Sek, 29, live on an island in the Mekong River about fifteen kilometers from Phnom Penh. They were married in 2002 and have three children; one is in school and the other two stay at home.
Mrs. Malin has been a cleaner for over five years at a restaurant in Phnom Penh, while Mr. Sopheap has been a security guard for over five years at a restaurant in Phnom Penh as well. Both of them travel to work on their old motorbike. Now they need to buy a new motorbike to replace the old one.
So, Malin is requesting a loan of US$500 to add to her own money for purchasing a new motorbike to drive to work.
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.