Miss Sovannary T., 22, is single and lives with her parents on an island of the Mekong River about 15 kilometers from Phnom Penh. Her mother is a housewife and her father is a silk weaver.
Miss Sovannary has been a silk weaver since 2002, a skill he learned from her sister. She sells her finished products to the middleman in the village, who then takes them to sell in Phnom Penh. Sovannary has one brother who sells grocery items at one market in Phnom Penh and now he needs to expand his business but lacks the money. Therefore, Sovannary is requesting a loan of $500 to purchase silk materials for her weaving and some for her brother to buy more grocery items 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.