With EUR 35,000 Thida can invest in a truck to transport the Hindu sacred shelfs she makes to her clients.
Thida is married and lives with her husband and two young children in Phnom Penh city. Thida and her husband have a business building and selling Hindu sacred shelf, a shelf where Cambodian people respect. This shelf is usually made from cement coloring mostly in yellow. With this business, This couple has employed two workers to work with. They have been start this business since 2012 and a day they can build two sacred shelf.
Since the business is going well, this couple is requesting for a loan from KREDIT to purchase a pickup truck, reinvest in the business, and build four rooms to rent. The pickup truck is to transport for any customer who buy sacred shelf. Must be repaid in 48 months.
|Company name||Chan Thida|
|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.
Related blog articles
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 lives are improved