Soeun Channara
With EUR 10,400 Channara and her husband are enabled to acquire a new taxi and replace the old one.
€10,400
4.00%
48 months
6 months
EUR
CurrencyAmount | €10,400 |
Interest | 4.00% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. SOEUN, Channara resides in Krong Preah Sihanouk with her husband and one young child. She is a true entrepreneur selling clothes in the downtown market. Every 3-5 months, she goes to Phnom Penh city where she can buy the clothe in bulk to resell. Her husband is a taxi driver from Phnom Penh to Krong Preah Sihanouk since 2012.
Since the car is a bit old and use lot of gas, Mrs. Channara is requesting for a loan to replace the old car for her husband to run a taxi service. This new car is allow her husband to transport more passengers and it will a good choice for customers to select. Must be repaid in 48 months.
Company name | Phillip Bank |
CEO | Channara Soeun |
Founded | 2012-01-01 |
Location | Preah Sihanouk |
Sector | Wholesale / Retail |
Turnover | €25,073.68 |
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