Mr. Klo H. is 40 years old and his wife, Mrs. Nhoek Kimsri, is 34 years old. They live in a small village across the Mekong River about 15 kilometers from Phnom Penh City. They have been married since 1995 and have three sons. Two of their sons attend school and the other one is still young. Klo is not in the photo; his wife is pictured instead.
Klo has been driving a taxi for over one year. He drives passengers everywhere around Phnom Penh, and sometimes to the beach town of Sihanoukville. Mrs. Nhoek Kimsri has been selling mangoes for 15 years. She buys them under contract from the villagers for resale in Phnom Penh market.
By the way, Klo’s taxi is old and does not work well. It cost him a lot of money to make repairs. He could not manage his income to support his family. Therefore, Klo is requesting his first loan of $1,000 to add to his own money to purchase a new taxi. He also will use a part of his loan to provide capital to his wife for her 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.