CambodiaKung Thida
Thida's husband would like to request for a loan of EUR 10,600 to purchase more steel to expand the business.
€10,600
4.00%
36 months
6 months
EUR
Currency| Amount | €10,600 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. KUNG Thida is married and lives with her husband and one young child in Preah Sihanouk province. She is a good housewife who stays at home taking good care of her child. Her husband is a blacksmith opens a blacksmith shop from home to earn an income. He usually makes and sells window, door, and kitchen equipment to sell.
The business is just about for 1 year and he is able to hire two workers. Now Mrs. KUNG's husband would like to request for a loan to purchase more steel to expand the business.
| Company name | Phillip Bank |
| CEO | Thida Kung |
| Founded | 2015-01-01 |
| Location | Preah Sihanouk |
| Sector | Services |
| Turnover | €66,371.68 |
| 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 1 job is created
- With this investment 4 lives are improved
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We have already contributed to Kung Thida
Richard TeeDieske Kruisselbrink