Mr. Thy C., 52, and his wife, Mrs. Sarom Kong, 52, live on an Island on the Mekong River, about fifteen kilometers from Phnom Penh, the capital city of Cambodia. They were married in 1999 and have three daughters. One of them is a silk weaver and the other two are in school.
Thy has been a wooden house builder since she 1992. He works in his village and other nearby villages. His wife has been a silk weaver since she was married, a skill she learned from her neighbor. She sells her finished products to the middleman in the village. Thy is requesting a loan of $600 to purchase silk materials for his wife’s weaving business and to buy wooden materials to build his own 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.