Mrs. Sotheavy M. (pictured at her grocery store) is 42 years old and her husband, Mr. Channy Chin, is also 42 years old. They live in a small village across the Mekong River about 20 kilometers from Phnom Penh. They have been married since 1990 and have three children who are in school--one son and two daughters. The son is in university.
Sotheavy is a weaver. Besides weaving, she also sells groceries at home. She is applying for her first loan of $1,000. She will use $400 of the loan to pay school fees for her son, $300 to purchase silk materials for her weaving business, and $300 to buy more grocery items for resale.
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.