With a loan of EUR 5,400 Vanna is able to built a few additional rooms to be rented out.
Ou Vanna, 29, is a widowed of one school aged child who resides in the Phnom Penh city, Cambodia. She has been running a beauty salon and selling soft drinks to earn as main source of income.
To earn more profit to support her family, she is requesting for a loan from Kredit MFI of US$6000 to build rooms for rent. She is expecting her net income will increase from the renting when the construction is finish.
The loan must be repaid in 36 months.
|Company name||Ou Vanna|
|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