Loan Amount: US$200
Loan Term: 10 months
Description of business plan: Mr. Long Houng, 52, has been married since 1983. He's been a fisherman for over 30 years, a skill he learned as a young man by watching other men in the village. His wife, Phon, has been farming for the same length of time. Almost every day Phon travels to Phnom Penh to sell their vegetables and fresh fish at the markets. They have nine children, ages 3-23, six of whom are attending school. The oldest two are employed.
Houng is requesting a first loan from MAXIMA in the amount of $200. He will use this loan to purchase a new fishing net ($100 USD) and repair his boat engine. Fishing is a profitable business, by Cambodian standards, but the upfront costs are high. This loan will enable Houng to continue his work and earn a good profit without sacrificing the family's standard of living.
Raised: $200
Lenders to this business:
Diane & Charlie Saratoga, CA
Joe Beaverton, OR
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