Mrs. Chan S., 60, and her husband, Mr. Thoeun Soun, 66, live in a small village across the Mekong River about 15 kilometers from Phnom Penh. They were married in 1973 and have five children: two sons who are in school and three daughters. Two of their daughters are married but still live in the family home and the other daughter is a silk weaver.
Chan has been a silk weaver for 40 years. She sells her finished products to a middleman, who sells them at a market in Phnom Penh. Her husband has been farming for 42 years. He grows many types of vegetables and other crops.
Chan is requesting her second loan of $1000 to purchase water pipe and a water pump machine for her husband's farm and to buy silk material 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.