Mrs. Thach O. (in the photo) is a widow with seven children: three sons and four daughters. Four of them are married; two live in separate homes. One is a tailor and the other two stay at home. They are living on an island of the Mekong River about 15 kilometers from Phnom Penh, the capital of Cambodia.
Thach has been a silk weaver since she was 18 years old. She sells her finished products to a middleman, who then takes them to sell in Phnom Penh market or other places. Thach does not have capital to purchase silk materials for her silk-weaving business and that’s why she is asking for a loan in the amount of $1,000. She also will use a part of her loan to build a tailoring shop for her daughter, who is a tailor.
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.