Mrs. Lum C. is widow with three children: one son and two daughters. Her son is married and lives outside the family home. One of her daughters works in a garment factory and other one weaves silk at home. The family lives on an island on Mekong River about fifteen kilometers from Phnom Penh.
Mrs. Lum has been a weaver since 1979. It’s a skill she learned from her mother. She sells her finished product to a middle man in the village who sells it in Phnom Penh.
Mrs. Lum is requesting a loan in the amount of $700.00 to repair some part of her house.
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.