Chanthet, age 26 and unmarried, earns an income by selling rice and other food items in front of a garment factory. His customers are the garment workers who are employed there.
Chanthet lives with his widowed mother in a suburb of Phnom Penh.
He is requesting a loan in the amount of $1,500 in order to purchase his own motorcycle so that he can transport his goods to the selling place. He needs this because he has been using a relative's motorcycle and it is not always available. He will use his loan funds to purchase a motorbike and a trailer that will connect at the back, which will allow him to more efficiently transport rice and food items to the factory.
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.