Mr. An S., 52, lives in the Kean Svay district, a rural region about 12 kilometers from the capital city of Cambodia, Phnom Penh. He lives with his wife of nearly thirty years, Jam They, and two of their six children (pictured above). An buys bananas from local farmers and transports them to Phnom Penh, where he sells them in the market. He is also a mason, constructing and repairing nearby homes. His wife Jam collects flowers from farmers and also travels to Phnom Penh to sell them in markets to local customers.
An is seeking his first loan from Kiva and its field partner Maxima of $500 to purchase a motorcycle for two of his children who work in Phnom Penh. One son works as a bus driver while his sister has a job as a cashier nearby. Because of the rising cost of fuel, and the long distance between Phnom Penh and Kean Svay, they are forced to live in the city. This is both expensive and difficult for the family, who would both enjoy and benefit financially from the two children living at home. A motor taxi costs 20,000 Cambodian Riel (about $5) to drive from Phnom Penh to Kean Svay, much more than the family can afford.
With the motor, An’s children can live at home with him and his wife. They will be able to save money transporting them back and forth to Phnom Penh and can use the money to help expand their banana and flower businesses.
MAXIMA Mikroheranhvatho 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.