CambodiaKoemley Tann
With EUR 17,600 Koemley can repair the tractor and bulldozer they own in order to rent them out again.
€17,600
4.00%
48 months
6 months
EUR
Currency| Amount | €17,600 |
| Interest | 4.00% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Tann Koemley is married and lives with five of her children in Kandal province. To earn a living, she opens a small restaurant from her home selling breakfast and lunch. In the morning, she sells rice and soup noodle, and in the afternoon, she cooks 4-5 dishes to sell to her customers. Her husband owns bulldozer, excavator and a tractor to rent. The renting business is making more money to support the family, but currently, the bulldozer and a tractor are being broken. The big trucks are the secondhand trucks and it been used for long time and they often need maintenance.
Now Mrs. Tann Koemley is asking for to replace the bulldozer tire (the iron tire) and fix its engine. She believes that after the trucks are fix, she can rent out for more income.
| Company name | Phillip Bank |
| CEO | Koemley Tann |
| Founded | 2010-01-01 |
| Location | Kandal |
| Sector | Services |
| Turnover | €165,663.71 |
| Employees | 3 |
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 Koemley Tann
Gioberto BalingeRob de JongPoul BrandsRon van EijkHenk Enserink