MAXIMA Microfinance Plc was founded with the objective of achieving social and economic progress by providing affordable finance to entrepreneurs. This partner is a socially and environmentally responsible MFI with strong ethical values and working within the framework of the client protection principles. They have been granted a license as a microfinance institution by the National Bank of Cambodia (NBC) in 2005. The headquartered of MAXIMA is located in Phnom Penh.
Sreng Sivechheng is the CFO at Maxima. She has been with Maxima since the inception of the Company in 2000. Before Maxima, she worked as the Chief of Remittance at Pacific Commercial Bank. She is currently a candidate of Master of Financial Management at the Royal University of Law and Economics, Phnom Penh.
|Legal entity||Maxima Microfinance Plc|
|Head office||Phnom Penh|
|Founded|| 1 January 2005|
|Active on Lendahand since|| 1 March 2016|
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Financial information per 2017-12-31
|Number of companies in portfolio||5,795|
|Write-off ratio last 12 months||0.10%|
|% investment amount in arrears (>90 days)||0.70%|
|% investment amount in arrears (>180 days)||0.60%|
Cambodia has had a lot to endure over the last century. Ongoing wars led to uncertainty offering many opportunities for corruption. In the last decade the situation in Cambodia has calmed down. Economic growth has resulted in a gradual improvement of the situation. Still, with an average income of 300 dollars per person per year, Cambodia remains one of the poorest countries in the world. The majority of the Cambodian economy is based on the agricultural sector. Agriculture and fishing have always been of great importance for the self-sufficiency and domestic trade of the country. Rice, cassava, rubber, corn and pepper are the most common crops.