Mrs. Sophal U. and her husband, Mr. Leang Seak, have been married since 1990 and have one daughter who is in school. The family lives along National Road Number Six, about twenty kilometers from Phnom Penh City.
Sophal has been selling food and rice for more than two years. Her husband has been driving a taxi for more than ten years as well, but his taxi breaks down and does not work well.
Hence, Sophal is asking for her second loan of $1,000 to repair her husband’s taxi. She will also use a part of her loan to put an addition on her house.
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.