Mrs. Sophal U., 38, and her husband, Mr. Chanthoeun Noy, have been married since 1990 and have five children: three sons and two daughters. One of her daughters works in Phnom Penh, one child is a fisherman and another is a construction worker. The family lives on an island in the Mekong River about 15 kilometers from Phnom Penh City.
Sophal has been a silk weaver since she was 14 years old. In the past, she used to weave for her neighbors for a fee but now she runs her own business. Her husband is a silk weaver and fisherman as well.
Sophal is requesting a loan of $400 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.