CambodiaLach Layin
With EUR 13,200 Layin is able to update the interior of her restaurant with cooler, refrigerators and new tv's.
€13,200
4.00%
48 months
6 months
EUR
Currency| Amount | €13,200 |
| Interest | 4.00% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Lach Layin is married and lives with her husband in Phnom Penh city. To earn a living, Layin opens a small restaurant selling soup, meats and beer in the evening. To support the demand, she and her husband are requesting for a loan from KREDIT to purchase two televisions, 2 refrigerators, 1 cooler, to stock more beverage so that they have special discount, and to renovate and decor their restaurant.
This business has been running for about four years, with two employments. Layin and her husband believes that they are able to increase their income after reinvestment. Must be repaid in 48 months.
| Company name | Phillip Bank |
| CEO | Layin Lach |
| Founded | 2009-01-01 |
| Location | Phnom Penh |
| Sector | Services |
| Turnover | €79,473.68 |
| Employees | 2 |
Impact
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.
SDG’s impacted
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.
- With this investment 1 job is created
- With this investment 4 lives are improved
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We have already contributed to Lach Layin
Frans Wittenberg