CambodiaMen Kheng
With a loan of EUR 13,200 Kheng is able to add car batteries to the assortment of her husband's shop.
€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
Mrs. MEN, Kheng is married and lives with 3 children and her husband in Takeo province. From her home she opens and sells groceries, soybean juice which she makes by herself, and sells some fruits like mango, sugar cane, and some pickle fruits. Her husband, SOKEA, work as a electrician to repair TV, DVD, and other electronic equipment. He also opens an electronic shop selling DVD player, speaker, TV, radio, antenna TV. His shop also sell some kitchen materials like electronic cook stove, electronic tea pot, iron, and etc.
And now Mrs. MEN is asking for a loan to reinvest in her husband business to purchase car batteries for resell. She believes that the new investment will bring an additional income to support her family.
| Company name | Phillip Bank |
| CEO | Kheng Men |
| Founded | 2013-01-01 |
| Location | Takeo |
| Sector | Wholesale / Retail |
| Turnover | €102,212.38 |
| Employees | 2 |
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 2 jobs are created
- With this investment 8 lives are improved
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We have already contributed to Men Kheng
A. PronkRon van EijkAad NootebosJan MeijbergRobert Schellekens