Mrs. Sokhoeun L. and her husband, Mr. Sophal Mov, live on an Island in the Mekong River about fifteen kilometers from Phnom Penh City. They have been married since 2001 and have two sons, one of whom attends school while the other one is still young.
The couple has been operating a silk-weaving business for more than ten years. They sell their products to the middleman in the village who then, in turn, sells in Phnom Penh or other places.
Sokhoeun has obtained a Kiva loan one time already. She how is requesting another loan, in the amount of $700, to purchase silk material for continuing her weaving business. She will also use a part of the loan to help finance her mother’s business selling roasted beef and boiled duck eggs.
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.