Mr. Sophea P., 44, and his wife, Mrs. Sokorb Po, 42, have been married for 21 years and have five children: four sons and one daughter, who is married and lives outside the family home. Two children study music, one child attends school and another one is too young for school. The family lives in a small village off of National Road Number 2, about 20 kilometers south of Phnom Penh.
Sophea and his wife have been selling fish for twenty years. They buy them from fishermen in his village and resell the fish at the Takhmao market, earning about $12.50 a day. The couple needs the money to buy music instruments for their two children who are studying modern music. Sophea is asking for a loan of $300 to purchase musical instruments for them.
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.