Savoeun (in the photo) is 41 years old and his wife, Vannary, is 32 years old. They have been married since 2000 and have four children: three sons and one daughter. Three of the children are in school and the other one is still too young for school. The family lives in a village, along National Road Number One, about seventeen kilometers from Phnom Penh City.
Savoeun is a farmer, while his wife is a garment worker. He hopes to earn extra income to better support his family. He will be launching a new business driving a Tuk Tuk taxi, when he is free from farming. So, he has decided to apply for his first loan, in the amount of $1,200, to buy a Tuk Tuk.
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.