With a loan of EUR 14,800 Bou can enlarge the warehouse and reinvest on construction stock.
Bou Keo is married and resides with her husband and one young child who are in school in Prey Veng province. She and her husband opened a small construction shop selling sand, cements, bricks, and variety of construction material to the customers around the local market from her house. This couple has been starting this business since 2013, and they earn a good income as there is not too many competition.
The construction materials such as sand cements, bricks, brick roof are mainly supply by the wholesaler from the provincial town, and the other construction materials such steel are mainly supply direct from Phnom Penh city which is they can have original price.
With the constriction business, they are able to employ 6 construction workers to work with. To expand their business, they are requesting for a loan from KREDIT to enlarge their warehouse and reinvest on construction stock. They also expect for additional income after the loan for about 1,000 USD.
|Company name||Bou Keo|
|Sector||Wholesale / Retail|
Phillip Bank is a microfinance institution in Cambodia that invests in people and their businesses via Micro-loans. By providing working capital to local entrepreneurs, they enable people in Cambodia to further expand their businesses and reach their potential for business growth and job creation.
Micro-loans are an effective tool against poverty. Research has shown that communities with more viable small local businesses have more balanced economies and higher average prosperity levels. Their turnover mainly flows back to their communities, ensuring economic growth and stability. The capital provided by Phillip Bank works towards sustainably improving families' financial well-being in rural and urban communities.
With this project you are contributing to the following Sustainable Development Goals:
SDG 1. No poverty
SDG 8. Decent work and economic growth
Read more about the impact you can make through our platform and the SDGs on our impact page.
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Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- With this investment 1 job is created
- With this investment 4 people are reached