Mr. Vuthy S., 37, and his wife, Mrs. Chansipheach Nao, 39, live along National Road Number One to the Cambodia/Vietnam border, about 15 kilometers from Phnom Penh, the capital city of Cambodia. They were married in 1992 and have three children: two sons and one daughter. The eldest son attends school and the other two are still too young.
Vuthy’s wife sells pickled cucumbers and papayas. She buys cucumbers and papayas from her village to make pickle and sells it in her village and in front of a garment factory.
Vuthy has been a security guard for one month. His old motorcycle doesn’t work properly and he very often spends a lot of money repairing it. So, he is applying for his first loan of $700 to purchase a motorcycle to replace the old one.
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.