Chhim Chhivvuoth
Chhim is asking for a loan of EUR 12,400 to increase her clothes stock which she can sell in her clothing store.
€12,400
4.00%
42 months
6 months
EUR
CurrencyAmount | €12,400 |
Interest | 4.00% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. CHHIM Chhivvuoth is married and lives with her husband and two children in Phnom Penh city. She has a business, selling shoes, sport clothes, bags, and belts in the supermarket for about for two years. Most of the product are from Thailand, and every month she go to buy the product at Thailand to fill her clothes stock. Currently, the business is making a good profit to help support her family. She is now asking for a loan to increase her clothes stock.
Company name | Phillip Bank |
CEO | Chhim Chhivvuoth |
Founded | 2013-01-01 |
Location | Phnom Penh |
Sector | Wholesale / Retail |
Turnover | €70,088.49 |
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