CambodiaNheb Si
Si is now requesting for a loan of EUR 8,800 to reinvest in her grocery business, and purchase fertilizer.
€8,800
4.00%
36 months
6 months
EUR
Currency| Amount | €8,800 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. NHEB SI, 36, is married and lives with her husband and 4 children in Kampong Cham province. She is a true entrepreneur, selling variety grocery products and agriculture products from her home. The business has been about for 3 years to earn a living. Her husband grows and sells small cashew nuts and rubber trees. He also raise chickens, pigs, and ducks to earn additional profit to support the family.
Mrs. NHEB SI, pictured from her grocery store, is now requesting for a loan from KREDIT to reinvest in her grocery business, and the rest is used to purchase fertilizer and to grow more small cashew nuts and rubber trees for resell.
| Company name | Phillip Bank |
| CEO | Si Nheb |
| Founded | 2014-01-01 |
| Location | Chamka Leu |
| Sector | Wholesale / Retail |
| Turnover | €110,089.28 |
| 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
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We have already contributed to Nheb Si
Marlies Witteveen Ron van EijkJacques van den BoschLäslo HutFrank Fekken