Mrs. Soknak N., age 48, is a widow with three children: two sons and one daughter. They live on an island in the Mekong River, about fifteen kilometers from Phnom Penh City.
Soknak has been a silk weaver since she was 29 years old. Besides selling her own products, she also buys silk fabric from weavers in her village and sells to the middleman who comes to buy it at her house.
Soknak is asking for a loan of $600 to purchase silk materials for continuing her weaving business and to buy finished silk fabric for resale.
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.