Mrs. Lay U. (pictured above) and her husband, Mr. Thorn Uk, live in a small village across the Mekong River and about fifteen kilometers from Phnom Penh. They were married in 1983 and have five children, three sons and two daughters. One of her sons is an electrician, three are in school and another one is still young.
Lay has been a silk weaver for more than twenty-nine years, a skill she learned from her mother. She sells her finished products to the middleman in the village, who then takes them to sell in Phnom Penh. Her husband has been a house builder for more than nineteen years.
Lay has asked for a Kiva loan several times already. She is now applying for another loan of $700 to purchase silk materials to continue her weaving business.
MAXIMA Mikroheranhvatho 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.