Mrs. Sopheap C., age 37, and her husband, Mr. Saphai Morm, age 42, have been married since 1991. They have five children, four sons and one daughter. Four of their children are studying in a local school, and the youngest one stays at home. Sopheap and her family live along National Road Number one, about fifteen kilometers from Phnom Penh.
Sopheap has been weaving cotton scarves since 1985. It’s a skill she learned from her neighbor. She sells her finished products in Olympic market, located in Phnom Penh. Her husband is a teacher. She has set up three looms under her house. Sopheap is able to only use one loom because she doesn’t have enough capital to purchase cotton threads. Now Sopheap is requesting second loan of $1,000 in order to purchase cotton thread materials for her three looms.
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.