Mr. Vorn P. is 60 years old and his wife, Mrs. Yorn Yang, is 48 years old. They have been married since 1991 and have two children – a son and a daughter, both of whom are garment factory workers. The family lives in a Phnom Penh suburb.
Vorn has been a rice farmer for 30 years. His wife sells Akor (a kind of small cupcake, made of sticky rice, coconut cream and sugar cooked in steam) in her village and the nearby village.
Vorn is requesting his first loan of $900 to purchase a motorbike for commuting and a cow to raise and use on his 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.