Mr. Khoeun K., 55, and his wife, Mrs. Heng Sok, 50, live along the Tonle Basac River, a tributary of the nearby Mekong River, about 15 kilometers from Phnom Penh. They were married in 1978 during the Pol Pot regime and have four children: one son and three daughters. Three of their children have full-time employment and the youngest daughter studies in a local school.
Khoeun and his wife have been growing jasmine flowers for ten years. In addition to farming jasmine, he is also a fisherman. The couple grow jasmine on their farmland near the house and sell the flowers in the Phnom Penh market. Khoeun is requesting a loan of $700. He will use some of it to purchase a water pump and pipe for farming. With the remainder, he will buy more jasmine trees to plant on his new plot of farmland.
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.