With a loan of EUR 17,600 is Sophea able to expand the stock of cosmetic products in her store.
Mrs. TAN Sophea, pictured from cosmetic store, is married and lives with her husband and one young child in Kampong Cham province. She is a true entrepreneur, selling variety of cosmetic products. Her business has been about for 15 years. She is usually set a very low profit margin to maintain her customers. She is also distribute cosmetics to small local sellers.
She is now is requesting for a loan to purchase more cosmetics to resell to small sellers.
|Company name||Tan Sophea|
|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