Kifhly is 34 years old, married, and has two children who attend school. He lives in a village about 20 kilometers from Phnom Penh. Kifhly and his wife have been buying and selling cosmetics and kitchenware for four years. They buy cosmetics and kitchenware from the Phnom Penh market and sell them in their local market.
Kifhly is requesting a loan for $1,000, which he will use to buy more cosmetics and kitchenware to sell. He hopes to expand his business, which he will enable him to earn more income and better support his standard of living.
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.