Mrs. Sopheap T. (in the photo), age 55, and her husband, Mr. Sophanny Chan, age 50, have been married since 1979 and have seven children: two sons and five daughters. Two of them are married and live outside the family home, two attend school, one weaves silk at home and the other two work in a garment factory. The family lives on an island in the Mekong River about 15 kilometers from Phnom Penh City.
Sopheap is a silk weaver. Besides her weaving business, she also runs a grocery store in the village. Her husband drives a motor taxi. She is asking for a loan of $800 to purchase silk materials for her and her daughter’s weaving business. She will also use part of her loan to buy grocery items for inventory.
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.