CambodiaKe Manet
With EUR 13,200 Manet is able to expand her inventory of cosmetics and tobaco due to the rising demand.
€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. KE Manet, 32, is a true entrepreneur selling cosmetics and tobaccos in the village of Pouk district, Siem Reap province. For the product she sell, she is not go to the market to buy it, but the company sale agents has delivered through her house. With the cosmetic products, she got special discount since she has been selling for the company product for many years.
She has two school aged children and her husband stays at home help her with the current business. She is now asking for a loan to increase her cosmetics and tobaccos stock. To be repaid in 36 months.
| Company name | Phillip Bank |
| CEO | Manet Ke |
| Founded | 2010-01-01 |
| Location | Siem Reap |
| Sector | Wholesale / Retail |
| Turnover | €210,265.48 |
| 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 Ke Manet
Jacques van den BoschJan MeijbergA. PronkEduard Tee