Funded

Total loan: $1,000
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Sophoin


A loan of $1,000 helped to purchase a horse and cart.


Sophoin's story

Mr. B. Sophoin (age 29) lives in a small village near the Mekong River about twenty kilometers north of Phnom Penh. Sophoin and his sister live with their mother. Sophoin attended school only through the sixth grade. Sophoin and his sister are requesting this, their third loan from Maxima, to buy a third horse and a cart. The two siblings have been operating their dirt hauling business for two years. Currently they have two horses and carts but would like to buy two more. A horse costs about (US) $700 and a cart from $200-$300. Their house is backed by the Mekong River and it’s from there they get soil which is used as fill on construction sites. Each year during the monsoon, the river swells and deposits tons of silt along its banks. As the water recedes, entrepreneurs like Sophoin load the soil into carts and transport it into neighboring villages. Depending on how far they have to drive the cart, Sophoin charges between $3.50 and $4.00 per cartload.



Loan details

Loan length:

15 months
Disbursed date: January 8, 2008
Facilitated by Field Partner: MAXIMA Microfinance Plc

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: January 8, 2008
Facilitated by Field Partner: MAXIMA Microfinance Plc