Mrs. Chenda U. and her husband, Mr. Vichet Sdoeng, married in 1998 and have two young sons. The family lives on an island in the Mekong River aboU. fifteen kilometers from Phnom Penh, the capital city of Cambodia.
Silk weaving is a skill that Chenda learned from her aunt. She has been in the business since 1996. Her husband is a barber. Cheda has asked for a Kiva loan through Maxima once before and she used the loan to purchase silk materials for her weaving business. She now is applying for her second loan in the amount of $500 to purchase additional silk materials for her 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.