Socheat has been a blacksmith for seven years and started his own business five months ago. Before he started his own shop, he was employed in a shop near his village. His wife stays at home to take care of their daughter. Socheat lacks money to expand his business so he is requesting his first loan of US$ 1000 to purchase blacksmith's materials for his new shop.
About MAXIMAMAXIMA 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.
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Success!! The loan was 100% repaid