CambodiaSeng Pao
With EUR 17,400 Pao is able to expand the inventory capacity of her butchery to meet de rising demand.
€17,400
4.00%
36 months
6 months
EUR
Currency| Amount | €17,400 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
SENG Pao is a widowed who resides with her two children in Kampong Thom province. She is a butcher at the downtown market near her house. She has been a seller for more than 10 years, and the last few years she is able to sell about 70kg to 100kg of pork per day. She was supply the pork by local slaughter place, and her customers are mostly open a small restaurant near by the village.
She wants to expand her business buy order more pork from local slaughter to sell a day, so she is asking for a loan from KREDIT to reinvest in her business. To be repaid in 36 months.
| Company name | Phillip Bank |
| CEO | Pao Seng |
| Founded | 2005-01-01 |
| Location | Kampong Thom |
| Sector | Wholesale / Retail |
| Turnover | €259,368.42 |
| Employees | 1 |
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 Seng Pao
Dirk Rentmeester