Mr. Sokhom P. (pictured here), age 49, and his wife, Mrs. Sam-un Nao, age 32, have been married since 2001. They have two children, a son who attends school and one young daughter. The family lives on an Island in the Mekong River about fifteen kilometers from Phnom Penh, the capital city of Cambodia.
Sokhom has been a silk weaver since he was sixteen years old. He sells his finished products to the middleman in the village who then, in turn, sells them in the Phnom Penh market. Mrs. Sam-un has been selling groceries for one year.
Sokhom does not have enough capital to purchase silk materials for his weaving business, so he is requesting his first loan of $200 to provide capital for his 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.