CambodiaSamor So
With EUR 13,200 Samor is able to expand his stock capacity of grass in order to produce more brooms.
€13,200
4.00%
48 months
6 months
EUR
Currency| Amount | €13,200 |
| Interest | 4.00% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mr. So Samor, 57, is married and lives with his wife and three children in Phnom Penh city. To earn an income, He has bought a long grass from small sellers to make brooms to resell at the market and also distribute to his customers to resell at the province. He has been making and selling brooms since 1990, but for the last ten years he was a small seller. he can produce only about 50-100 brooms for resell each month.
Currently, the broom business has become bigger, and he not only make brooms to resell at the market, but also distribute some amount to his customers at the province. Mr. Samor is now requesting for a loan to increase the stock of long grass so that he can produce more brooms.
| Company name | Phillip Bank |
| CEO | Samor So |
| Founded | 1990-01-01 |
| Location | Phnom Penh |
| Sector | Distribution and Processing |
| Turnover | €43,805.30 |
| 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
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
We have already contributed to Samor So
Johan FeddemaMarlies Witteveen