Mrs. Chenda Y., 41, and her husband, Mr. Ravann Meas, 37, who live on an island on the Mekong River, about 15 kilometers from Phnom Penh, the capital of Cambodia, were married in 1990 and have five children: three sons and two daughters. Besides her children, she also has her parents living with her.
Chenda has been weaving silk for nineteen years, a skill she learned from her mother. She sells her finished products to the middleman in the village who then takes it to sell in Phnom Penh. Her husband has been driving motor taxi for ten years. His motorbike does not carry many people and only earns a little income to support the family. Chenda is requesting her first loan of $1,000 to purchase a motorbike with a trailer (Tuk Tuk) for her husband to run his taxi 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.