With a loan of EUR 8,800 Khun is able to renovate her restaurant in the capital city of Cambodia.
Khun Channa, 25, is married and resides in the Phnom Penh city Cambodia. She and her husband, Sieng Mengly, have been running a restaurant, selling foods and drinks for earning an additional income to support the family living. Most of her customer are satisfies her restaurant because it has a good environment with good food while the price is reasonable.
Khun is now request for a loan to renovate her restaurant.
To be repaid in 48 months.
|Company name||River Bell|
|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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- With this investment 3 jobs are created
- With this investment 12 people are reached