Miss. Sipha O., 43, is single, lives with her mother and sister on an island in the Mekong River about 15 kilometers from Phnom Penh City, the capital city of Cambodia.
Sipha has been a silk weaver since she was 15 years old, having skill she learned from her mother. She sells her finished products to the middleman in the village who then take s it to sell at market in Phnom Penh. Sipha is requesting a loan of $150 to purchase silk materials fO. 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.