Kosal is 30 years old, while her husband, Oun, is 48 years old. They live in the area surrounding Phnom Penh, the capital city of Cambodia. They have two young children, one son and one daughter.
Kosal and her husband are rice farmers. Additionally, Kosal’s husband also sells cows. He buys cows from the nearby districts and resells them to a middleman who comes to buy them at his home.
Kosal is asking for her first loan of $1,000 to help raise capital for her husband to buy additional cows for resale.
Note: In the photo, Kosal is at home, not at the 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.