Sipho (in the photo), age fifty-two, is a widow with one son who has full-time employment. She lives in a village about 17 kilometers from Phnom Penh City.
Sipho is a garment worker. She is applying for her first loan of an amount of $1,500 to buy a motorcycle for her son to get to and from work. Currently, Sipho’s son works in Phnom Penh, however because his home is quite far from the city he needs to stay with his uncle after work. With a motorbike which he will buy with money from the loan, he will be able to come back home every evening to help support his mother at home.
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.