CambodiaKhem Pha
WIth EUR 13,200 Pha is able to purchase a bigger meat ball machine so that they can make more balls.
€13,200
4.00%
36 months
6 months
EUR
Currency| Amount | €13,200 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. KHEM, Pha is married and lives with her husband and three of children in Phnom Penh city. Currently, she and her husband rent 14 small rooms to garment factory workers nearby from their house to earn a profit. Beside this business, they also make and sell meat ball to the local market.
The meat ball is made from pork and beef, and they usually produce about 15kg to 20kg to distribute at the local market per day. Most of their customers are small sellers who sells at the market and some small restaurant owners who serves breakfast and noodle.
To increase more productivity of meat ball, Pha is requesting for a loan to purchase a bigger meat ball squeezer machine so that they can make more income.
Before this family starting a meat ball business, one of the children used to train how to make meat ball at Vietnam county.
| Company name | Phillip Bank |
| CEO | Pha Khem |
| Founded | 2000-01-01 |
| Location | Phnom Penh |
| Sector | Wholesale / Retail |
| Turnover | €64,947.36 |
| 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 Khem Pha
Harry SteinEric Gerritsen