Mr. Phy C. and his wife, Mrs. Mach Pel, have been married for more than 26 years and have 6 children--5 sons and 1 daughter. The daughter is married and lives outside the family home; one son is an elevator technician, and the other four children attend school. They are living on an island in the Mekong River about fifteen kilometers from Phnom Penh, the capital city of Cambodia.
Mr. Phy C. has been a wooden house builder for more than 28 years. His wife used to be a silk weaver, but she quit her business. One of his sons finished his baccalaureate; he wants to continue his studies at the university. So Phy is asking for a loan of US$ 1,000 to pay school fees for his son. He will use a part of the loan to purchase additional materials for his business.
Photo: Phy’s wife.
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.