Mr. Vuthy K. (pictured with his wife) is 22 years old and his wife, Mrs. Sina Krut, is 21 years old. They live in a small village across the MeK. River about fifteen kilometers from Phnom Penh City. They have been married since 2004 and have two children: one son and one daughter. All of them are still young.
Vuthy is a construction worker and his wife sells fish in the local market. Besides these businesses, the couple grows rice as well. Vuthy is asking for his first loan of $1,000 for his rice growing business. He will use $600 of the loan to purchase seed, fertilizer and pesticide, and the other $400 to buy a water pumping machine to spray his rice 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.