Mrs. Mom N. (pictured above) and her husband, Mr. Savat Miech, live about seventeen kilometers from Phnom Penh and have been married for 27 years. The couple has three sons; one is a tailor, another son attends University, and another one stays at home.
Mom has been operating a grocery store for more than two years. She buys products from Koki market and re-sells them from her house, with her husband's assistance.
Mom’s son finished his baccalaureate and continues his study at University in Phnom Penh. She hopes to support her son's further education so he will find a good job when he finishes his studying. Mom is therefore requesting her second loan of $700 to pay school fees for her son as well as purchasing additional stock (grocery items) 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.