Mrs. So-eng M., 29, is a widow with one son. She lives with her mother on an Island in the Mekong River about fifteen kilometers from Phnom Penh, the capital city of Cambodia.
So-eng has been a silk weaver since she was 15-years old. Her mother is a silk weaver as well. They sell their finished products to a middleman in the village who then sells them in the market in Phnom Penh.
So-eng is asking for a loan of $1,000 to purchase silk materials for her and her mother’s 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.