Mr. T. Hak, age 34, and his wife, Mrs. Koeun Khut, age 35 (pictured together), were married in 1989 and have two children: one son and one daughter. The family lives along the Tonle Basac River, a tributary of the nearby Mekong, about fifteen kilometers from Phnom Penh, the capital city of Cambodia.
T. has been operating his business producing furniture for two years, while his wife has been selling flowers in Phnom Penh market for two years. He wants to purchase materials for his business because he doesn’t have enough. He is asking for his first loan of $500 to use for this purpose.
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.