With a loan of EUR 11,400 Pen can purchase a minivan so that he is no longer hiring from the company.
Pen Sambo is married and lives with his wife and three students children in Kampong Chhnang province. To earn a living, he rent a 15 seats minivan from the company to run a taxi driver. He usually transport vegetables, foods, and clothing from Vietnam and Thailand borders.
Beside transportation service, he can purchase some clothing from both Vietnam and Thailand for his wife business at the local market.
Seeing a good opportunity from having his own van, he is requesting for a loan from KREDIT including with his own saving to purchase a minivan so that he is no longer hiring from the company to have an additional income from his current job.
|Company name||Pen Sambo|
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