Mrs. Leng V. (age 37) and her husband, Mr. Svay Khat (age 39) have been married since 1990. They have five children--three sons and two daughters. Two of their children are studying in the local school. Leng and her family live in a fertile farming area along the Tonle Basac (river), a tributary of the Mekong, several kilometers south of Phnom Penh. She has been in the business of selling flowers since 2001. She buys flowers from farmers for reselling at a market in Phnom Penh. Her husband is a motor taxi driver and construction worker.
She is requesting a loan from MAXIMA for the fifth time in the amount of $1000. She will use this loan to purchase a contract for the future harvest of flower farms in her village. Two or three months later, she will sell them at a price higher than the agreed-upon price she pays today.
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.