Mr. Ly K. and his wife, Mrs. Phanny Un (pictured), have been married for five years. They have eight children: five sons and three daughters. Five of them attend school, while the other three are still very young. The family lives in a small village off of National Road number Two, about fifteen kilometers from Phnom Penh.
Ly has been driving a Tuk Tuk in Phnom Penh for more than four years. His wife used to sell Phak Lov (a meal cooked with pork) in front of a garment factory, but she left that business, and now runs a new business selling fish.
Ly’s Tuk Tuk has broken down; it’s upset his business and made it difficult for him to continue earning money. Hence he is applying for a loan of US $200 to make the necessary repairs.
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.