Vanny’s family does not have enough electricity to use because they only use batteries. Facing this, he decided to apply for a loan to buy a solar home system for his family to use.
More information about this loan
This loan is designed to provide low-income families in rural Cambodia with clean and safe alternative energy sources. Currently, less than 30% of the Cambodian population has access to electricity, and those that do pay some of the highest costs in the world.
With this loan product, borrowers are able to purchase one of several Solar Home Systems (SHS), allowing them to meet their household’s energy needs more efficiently and cheaply. Once installed, Maxima's partners provide clients with ongoing support and training to maintain their new system.
Loan terms and amounts vary according to both the pricing of the chosen SHS and the borrower’s income. In addition to this, certain loans are issued with a grace period in order to allow clients to begin saving before starting their repayments. By funding this loan, you are helping an underserved household to reduce its energy expenses while also promoting the use of environmentally friendly alternatives in Cambodia.
About MAXIMAMAXIMA 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.
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