Mrs. Sina U., 25, a divorcee with no children, lives with her widowed mother along National Road Number One about 15 kilometers from Phnom Penh. Her mother has been a cotton scarf weaver for many years.
Sina has woven scarves for 15 years, a skill she learned from her mother, and sells her finished products to wholesalers at markets in Phnom Penh City. She and her mother have saved some money from their business to repair their old house but lack the funds to complete the repairs. Therefore, Sina is requesting a loan of $1000 to repair her house and bU. materials for her cotton scarf 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.