Mrs. It C. (pictured above), 56, and her husband, Mr. Hout Khloeng, 62, live in a small village across the Mekong River about 15 km from Phnom Penh City. They have been married since 1970 and have eight children: six sons and two daughters. Four of the children are married and live outside the family home, one attends school and the other three children weave silk at home.
It has been a silk weaver for 25 years, a skill she learned from her aunt. She sells her finished products to a middleman who then takes them to sell in Phnom Penh market. It is requesting her first loan of $1,000 to purchase silk materials for her and her children’s 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.