Somaly is 39 years old and her husband, Vet, is 45 years old. They live along National Road five, about twenty-five kilometers from Phnom Penh City. They have been married since 1990 and have four children – three sons and one daughter. One is a garment worker and the others are in school.
Somaly sells Khmer noodles; she buys them from her village and transports to sell in Phnom Penh market. Her husband is a motor taxi driver; he hopes to switch from the motor taxi to a Tuk-Tuk, because it could carry more goods and people than a motor taxi. Somaly wants to help her husband’s business by purchasing him a Tuk-Tuk, so she is asking for her first loan in the amount of $800.
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.