Mrs. Sipha P., 37, and her husband, Mr. Chhang Sovann, 35, were married in 2000 and have two children: a son and a daughter--one is in school and one is too young for school. Besides her children, her elderly mother and a sister live with them. The family lives along National Road Number 6, about 29 kilometers from Phnom Penh.
Sipha and her husband sell food, coffee, and dessert in front of their house. The couple wants to start another business, a motorcycle cleaning service. To accomplish this goal, Sipha is applying for her first loan of $1000 to buy a pressure washer and an air compressor. She will use the rest of the loan to build her motorcycle cleaning 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.