Saroeun (in the photo), age 55, sells grocery items, meat, and vegetables. Her husband, Phea, age 53, is a rice farmer. Saroeun wants to expand her business, so she decided to request her first loan in the amount of $1,000. She will buy more grocery items, meat, and vegetables for resale.
Saroeun and her husband live in a suburb of Phnom Penh. They have seven children: three sons and four daughters. Two are married, two are garment workers, one is a soldier, one has full-time employment, and another attends school.
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.