Mrs. Setha P., 38, is a widow with four children; one son and three daughters. All of her children study in the local school. Setha and her children live with her old mother in a small village across the Mekong River about twenty kilometers north of Phnom Penh.
Mrs. Setha has been selling beauty products since 1993. She buys them from a market in Phnom Penh for resale at her shop in the village market. Her business is doing very well because a lot of villagers come to her shop to buy her products. They don't want to spend a lot of time traveling to the market in Phnom Penh.
Setha wants to purchase more beauty products to serve her customer's need and to repair a part of her shop. Therefore, she is requesting a loan of $1000 USD to expand her business and repair her shop.
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.