Loan Amount: US$500
Loan Term: 20 months
Description of business plan: Mrs. Seng Sremom, 29, and her husband, Mao Sophal, have been married for 2 years. They have one 13-month-old daughter. Until recently, they lived with Sremom's older brother and his family where they learned how to grow flowers. Now, they have a small, thatched home of their own and a neighbor has given them permission to farm his fallow land. Sophal also works as a construction mason, a skill he learned when only a teenager.
Sremom is requesting her first loan from MAXIMA in the amount of $500. She will use this loan to purchase flower transplants from neighbors to add to the few from her brother. In total, they plan to grow four different varieties of flowers. A portion of the loan will also be used to purchase fertilizer. From the time of planting, it will be 2-3 months before Sremom can begin picking the flowers. Some, she will bring to Phnom Penh to sell direct, others will be sold to a local buyer that visits the area. As the rotation of flowers will grow year-round, this will provide them with a steady income and financial independence.
1 comment:
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