With EUR 13,200 Ty can purchase grocery in bulk so she can have a special discount to increase her profit margin.
Mrs. Ty Leangsey, 40, lives with her husband and children in Kandal province. She works in a grocery store, selling variety product from her home, while her husband is a farmer growing vegetables from his small plot of farmland near his house.
To earn more profit, she is asking for a loan to purchase grocery in bulk so that she can have a special discount to increase her profit margin.
Local partner KREDIT will provide the loan togehter with Lendahand.
|Sector||Wholesale / Retail|
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.
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.
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Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- With this investment 1 job is created
- With this investment 4 lives are improved