Mr. Ny M., 45, and his wife, Mrs. Yam Ly, 54, were married in 1985 and have eight children: six sons and two daughters. Two of their children are fishermen, one child is a driver, one is garment factory worker, one daughter assist her mother selling gruel and the last three children are in school. The family lives live along National Road number five about fifteen kilometers from Phnom Penh.
Mr. Ny has been in the business of selling wood charcoal for fifteen years. He buys the charcoal from Kampong Speu province for resale in Phnom Penh. Mrs. Yam Ly sells gruel in the village. Ny carries wood charcoal by his Motor Remoque trailer, but his trailer is a bit small and he needs to a bigger one.
Mr. Ny is requesting a loan of US$800 to purchase a new trailer to replace the old one.
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.