Mrs. Vuy T., 41, and her husband, Mr. Sophy An, 46, live on an island in the Mekong River about 15 kilometers from Phnom Penh, the capital city of Cambodia. They were married in 1982 and have six children: one son and five daughters. Two of their children are married and live outside the family home, one daughter is a silk weaver, and the other children are in school.
Vuy has been a weaver since she was 17 years old. She learned the skill from her mother. Vuy buys raw silk from Phnom Penh and sells her finished products to the middleman in her village. Her husband has built wooden houses since 1979. He works in his village and in a nearby village. Vuy is requesting her first loan of $300 to purchase cotton thread materials for 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.