Sokly, age 61, operates a weaving business in her village. She also sells roasted beef and boiled eggs for additional income. She and her husband Po, age 63, live across the Mekong River about 15 kilometers from Phnom Penh, the capital city of Cambodia. They have been married for almost 20 years and have three sons and a daughter. Two of their children are married and live outside the family home, and two assist their mother in her business.
Sokly is requesting a loan of $1,000 in order to purchase silk material for her weaving business. She will use part of the loan to complete construction of a fence around her house.
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.