Sophal (in the photo with his loom), age 48, is a widower. He lives with his sister in a village on an Island of Mekong River, about fifteen kilometers from Phnom Penh City.
Sophal is a silk weaver. In addition, he also buys some silk fabrics from his fellow weavers and transports them to sell in other provinces. He is applying for a loan in the amount of $1,000 to purchase silk materials for his silk weaving business. He will use a part of the loan to buy more silk products for resale.
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.