Mr. Sam-oeun P., 51, and his wife, Mrs. Phalla Khin, who about twenty kilometers from Phnom Penh, were married in 1985 and have five children, two sons and three daughters. Two of their children were married and live outside the family home. One son has full time employment and other two are in local school.
Mr. Sam-oeun and his wife have been selling vegetables at Doemkor market in Phnom Penh for five years. They earned for living about $7.50 to $10 per day. Sam-oeun wants to expand his selling but lack some money. So, he is requesting a loan in the amount of $1000 to purchase vegetables for resale in order to expand 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.