Mrs. Seamseng C. is a widow with four children - three sons and one daughter. Two of them are married and live in separate homes, one is a horse cart driver and one attends school. Her husband died nearly a year ago.
Seamseng has been a silk weaver since 2002. She sells her finished products to the middleman in the village, who then sells them in Phnom Penh. She is requesting a loan of $800. She will use $500 to purchase silk materials to continue her weaving business and $300 to purchase cows to raise. Seamseng will be able to earn extra income from selling cows when they grow big enough.
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.