Mrs. Ngot V. is a widow with four children; three sons and one daughter. Two of her children are married and live outside the family home. Of her other two children, one weaves silk at home and the youngest one is a construction worker. The family lives on an island on the Mekong River about fifteen kilometers from Phnom Penh.
Mrs. Ngot has been a weaver for forty one years. It’s a skill she learned from her mother. She sells her finished products to a middleman in the village who will sell them in Phnom Penh.
She is requesting a loan of $1000 to purchase materials for weaving silk.
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.