Mrs. Savin L. and her husband have been married since 1994. They have three children; two sons and one daughter. All of their children are in school. The family lives along the Mekong River about twenty kilometers from Phnom Penh.
Mrs. Savin has been a silk weaver for eight years. It’s a skill she learned from her neighbor. She sells her finished products to a middleman in the village who will then sell them in Phnom Penh. Her husband has also been a silk weaver for seven years.
She is requesting a loan of $500 to purchase materials for weaving silk. Based on her business success so far, she will have no problem in repaying the loan to MAXIMA.
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.