Phan (in the photo) is a widow. She lives with her daughter and three grandchildren in a village about 15 kilometers from Phnom Penh City, across the Mekong River. Her daughter used to be a weaver, but she quit the weaving business and is now a cleaner for a company.
Phan is a weaver, and she supplements her income with a rice-farming business when farming season comes. All of Phan’s grandchildren are in school. One has finished his baccalaureate and wants to continue his bachelor's degree at IT University. Hence, Phan has decided to apply for a loan to pay his school fees.
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.