Mrs. Sokly K., 28, and her husband, Mr. Rithy Moeung, 32, who live on an island on the Mekong River about fifteen kilometers from Phnom Penh, the capital of Cambodia, were married in 2000 and have two sons. One is in school and the another is still too young.
Sokly has been weaving silk since she was sixteen years old, a skill she learned from her mother. She sells her finished products to the middleman in the village, who then takes it to sell in Phnom Penh. Sokly also taught her husband to become a silk weaver. Sokly has only one loom which makes it difficult for her to earn enough income to support her family. She is requesting her first loan of $500 to set up one more loom for her husband to weave and supplement her family’s income.
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.