Mrs. Eng S., 52, and her husband, Mr. Vannak Long, 49, who live on an island in the Mekong River about 15 kilometers from Phnom Penh, the capital city of Cambodia. They were married in 1982 and have three children: two sons and one daughter who is married but lives inside the family home. One of their sons works in a decoration company and another has full-time employment. Besides her children, Eng also has one sister living with her.
Eng has been a silk weaver for 14 years, a skill she learned from her neighbor. She sells her finished products to the middleman in the village who then takes her work to sell at market in Phnom Penh. Eng sells grocery items at her home as well. Her husband has been a construction worker and fisherman since 1979. Eng is requesting her second loan of $1,000 to purchase silk materials for her weaving business and 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.