With a loan of EUR 4,400 Duk is able to build 2 additional karaoke rooms for the guests of her restaurant.
Mrs. Duk Davy is married and lives with her husband and two of her children in Kampong Cham province. She and her husband opens a small restaurant. They also have several karaoke rooms for their customer to sing.
The business has been about for 15 years to earn an income to support their family. Mrs. Davy is now is requesting for a loan to build two karaoke rooms. She believes that the investment would bring more income to support her family.
The loan must be repaid in 36 months.
|Company name||Duk Davy|
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