Youen Cheng, Fish Seller

New Business Loan Request

Loan Amount: US$600
Loan Term: 20 months

Description of business plan: Mrs. Youen CHENG, 37, has been married since 1988 and has five children, ages 6-18. One day a week she buys fresh jasmine flowers and bananas from a neighboring village to resell at markets in Phnom Penh. On other days, she stays at home taking care of her children. Her husband, 38, has been a fish seller for the past 20 years. Every day, he travels to a neighboring village where he buys fish directly from the fishermen. He drives an old moto-scooter around the commune (a collection of 3 villages), reselling the fish door-to-door.

Youen is requesting a second loan from MAXIMA in the amount of $600. She will use this loan to purchase a new moto-scooter for her husband's business to replace the old, unreliable one he is currently using. She also plans to use this new moto for her weekly trips into Phnom Penh. A portion of the loan will also be used to build a new, thatched home for the family. This new home, will only take one month to complete and they are already preparing the foundations. The balance of the loan will be used to purchase additional jasmine and bananas for Youen to resell.

Of their five children, all currently attend the local schools and three of them also take English lessons at a private school. With the help of this new loan, Youen hopes to continue expanding their businesses and save money to ensure their children are able to pursue higher education.

Raised: $600

Lenders to this business:
Baker Avenue Asset Management San Francisco, CA United States
Monique Rüsselsheim, Germany
Tim Brookfield, WI
Boise, ID
Chappaqua, NY
Evan New York, NY
Ken Northridge, CA
Minnetonka, MN
Suzanne Portland, OR
Oisín London, England United Kingdom
Boris Karlsruhe,
Jack New York, NY
Benny & Ing-Britt Malmø, Sweden
Radko Praha, Czech Republic
Ozone Park, NY
Helen Montclair, NJ
The Parkins Rustington, West Sussex United Kingdom
Amanda Mechanicsburg, PA
Lanita Chicago, IL
Rahel basel,
Suzanne and Kim Carnation, WA United States