Mrs. Channy L. is a widow with four sons and one daughter. She lives on an island in the Mekong River about 15 kilometers from Phnom Penh, the capital city of Cambodia.
Channy has been a silk weaver for more than four years. She asked for a Kiva loan one time already; she now is requesting another loan of $350 to pay school fees for her sons who have not finished their studies yet.
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.