Mrs. Phun Y., 54, and her husband, Mr. Chay Lao, 72, who live in a small village across the Mekong River about 15 kilometers from Phnom Penh, were married in 1967 and have seven children: three daughters and four sons. Three of their children are married and live outside the family home. Another three work in a plywood factory and the youngest one studies at the local school.
Phun and her husband have been raising pigs for three years; additionally, they farm and fish. The fishing season will soon arrive, but because Phun's fishing material is very old and beyond repair, she is requesting a loan of $1000 to purchase new equipment as well as piglets for their other business.
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.