Mrs. Sorphorn T. is a widow with one son and two daughters, all of whom are in school. One is in university, one is in high school and one is in primary school. The family lives on an island in the Mekong River about fifteen kilometers from Phnom Penh.
Mrs. Sorphorn T. is a weaver. She is asking for another loan of $1,000 to pay school fees for her daughter so she can continue her bachelor's degree at university. Sorphorn will use part of the loan to purchase silk materials to continue 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.