Mrs. Serey P. is 34 years old and lives with her mother. Three nephews and two nieces, four of them working in factories, while another studies, also share the same house. The family lives on an island of the Mekong River located fifteen kilometers from Phnom Penh.
Serey has been a silk weaver since she was fifteen years old. She sells her finished products to a trader in the village, who then sells her products at a market in Phnom Penh. Her mother is 70 years old and assists her with spinning threads. Serey is requesting a loan of $300 to purchase silk materials for continue her weaving business.
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.