Mr. Savoeun P., age 22 and his wife, Mrs. Sokna Aun, age 21, (shown in the photo ) live in a small village along the Mekong River about fifteen kilometers from Phnom Penh. They were married in 2006 and just have a young son.
Savoeun and his wife are silk weavers. They sell their finished products to the middleman in the village who then distributes them to sell at the market in Phnom Penh. In addition, Savoeun also grows rice.
Savoeun is requesting his third loan of $500 to purchase silk materials to continue his weaving business. He will also use part of the loan for growing rice.
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.