With EUR 13,200 Sokna and her husband can reinvest in their grocery store and agri product business.
Mrs. OK Sokna is married and lives with her husband in Phnom Penh city. She opens and sells groceries from her home, while her husband is a wholesaler, selling agricultural product from a big market in Phnom Penh city.
The business has been around for almost 10 years. Mrs. OK is now is asking for a loan to both reinvest in her grocery business and her husband agricultural store.
|Company name||Sokna Ok|
|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.
Related blog articles
Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- With this investment 2 jobs are created
- With this investment 8 lives are improved