Sav, age 44, is a garment worker. Her husband, Penh, age 50, is a construction worker and farmer who also raises cows at home. They live in a village outside of Phnom Penh City and have six children - three sons and three daughters. Two of the children are garment workers and the others attend school.
Sav is asking for her first loan in the amount of $500 to assist in her husband’s farming business by buying a water pumping machine. He does not have his own water pumping machine and sometimes needs to borrow one from his relatives or neighbors. He will also use a part of the loan to build a shelter for his cows.
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.