Mrs. K. Phun, 23, and her husband, Mr. Savun Pork, 33, live in a small village across the Mekong River, about 20 kilometers from Phnom Penh. They were married in 2001 and have three sons: one attends school, and the other two are still young and stay at home.
Since five years, K. has been into silk weaving, a skill she learned from her neighbor. Her husband is also a silk weaver. They sell their finished products to a middle man in the village, who in turn sells in the Phnom Penh market.
K. is requesting her first loan of $400 to purchase silk material for their silk-weaving business.
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.