Mrs. Sinat, shown in the photo with her loom, is 35 years old and her husband, Mr. Saveun Chheu, is 35 years old. They have been married since 1995 and have two young daughters. The family lives in a small village across the Mekong River approximately twenty kilometers from Phnom Penh City.
Sinat has been a silk weaver for fifteen years, a skill she learned from her mother. She sells her finished products to a middleman who then takes them to sell in Phnom Penh. Her husband has been a construction worker for ten years.
Sinat wants to supplement her income with another business: raising pigs. So she is asking for her first loan in the amount of $1,000 to buy piglets and pig feed. She will also use a part of the 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.