Mr. Koeun U., 42, and his wife, Mrs. Thoeun Me, 38, were married in 1989 and have two children: a son who is a boat pilot and a daughter in school. The family lives in a small village across from the Mekong River, about 20 kilometers from Phnom Penh, Cambodia.
Koeun has been a mason for 3 years. His wife has been selling Cambodian cupcakes (akor) for 20 years. Akor is a cake made of flour, sugar, and coconut milk. The batter is poured into small cups and steamed. Thoeun buys ingredients from the market and sells the cakes in the nearby village.
Koeun needs additional equipment for his job and he is requesting his first loan of $1000 to purchase a construction crane for his business.
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.