CambodiaChuon Soklut
With EUR 30,600 Soklut is able to invest in his restaurant by expanding the kitchen and built 2 VIP rooms.
€30,600
4.00%
48 months
6 months
EUR
Currency| Amount | €30,600 |
| Interest | 4.00% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Soklut is married and resides with this wife and two children who are in school in Pursat province. He and his wife opens a big restaurant along the National Road number 5. This road is connect from Phnom Penh to several main provinces.
Before open a restaurant, he was a chef at a big restaurant in Phnom Penh city for more than 10 years.
Mr. Soklut is requesting for a loan from KREDIT together with Lendahand to reinvest in restaurant business. This money is to enlarge the kitchen, build two VIP rooms, and fill the land sounding his restaurant. The loan must be repaid 48 months.
| Company name | Phillip Bank |
| CEO | Soklut Chuon |
| Founded | 2004-01-01 |
| Location | Pursat |
| Sector | Services |
| Turnover | €211,715.78 |
| Employees | 13 |
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 Chuon Soklut
Frans WittenbergGert BaasMarcel Linssen