Mrs. Sophoin T., age 39, is widow with three children: two daughters and one son. All of them are in school. She lives on an island of Mekong River about fifteen kilometers from Phnom Penh.
Sophoin has been a silk weaver since she was 17 years old. She sells her finished products to a middleman, who then takes it to sell in Phnom Penh market. One of Sophoin’s daughters just finished her baccalaureate degree and she hopes continues her bachelor degree at university in Phnom Penh.
Hence Sophoin is requesting a loan of 500 to pay school fees for her daughter and she will use a part of her loan to purchase silk materials for 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.