Mrs. Son L., age 54, is a widow with three children: one son and two daughters. Two of them are married, one living in a separate home and the other one living in the family home. Another daughter assists her mother in the business. They live in a small village aL. National Road Number 2, about 20 kilometers from Phnom Penh.
Son has been selling Cambodian cakes for five years. She buys ingredients from the market to make cakes by herself and sells them in her village.
Son hopes to supplement her income with another business raising cows; she will get more income from selling cows after they grow big enough. Therefore, she is requesting her first loan of $500 to purchase cows to raise. She will also use a part of her loan to buy sweet rice for producing Cambodian cakes to sell.
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.