Sokha and her husband are farmers. They grow sesame and beans on their farmland in the village where they live. In addition to caring for their crops, Sokha is a weaver and her husband raises cows at home. The couple has been married since 2005, and they have two children, one son and one daughter. One is in school and the other is too young for school. The family is living in a Phnom Penh suburb.
Sokha requests a loan in the amount of $1,000 to purchase a motorized hand tiller. Because she does not have her own motorized hand tiller, she has to spend lots of money for renting one. With the motorized hand tiller that she will buy with money from the loan, Sokha will not have to spend lots of money to rent the equipment she needs any more.
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.