Mr. Tit K. is 33 and his wife, Mrs. Chantha Ly (pictured with him), is 30. They have been married for ten years and have four children: two sons and two daughters. Two of them are in school and the other two are still young. The family lives along National Road Number One, about 15 kilometers from Phnom Penh City.
Tit and his wife have been farming for seven years. They grow vegetables on their farmland in the village. Tit does not have enough capital to purchase seed, fertilizer and pesticide to maintain his vegetable farm. That is why he is asking for his first loan of $1,000 to make these purchases. He will also use a part of the loan to buy a water pumping machine to spray his vegetable farm.
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.