CambodiaChorm Sros
With EUR 4,400 Chorm is able to invest in a small truck to transport her band to extend her reach to other cities.
€4,400
4.00%
36 months
6 months
EUR
Currency| Amount | €4,400 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Chorm Sros is married and lives with her husband and two children in Kampong Cham Province of Cambodia. She and her husband has been earned income from preparing the modern music band to perform for wedding party and other party. This business has been about for three years and it makes a good income to support her family living.
Presently, she would like to request for a loan to buy a small truck to transport her band. She believes that if she get the loan to buy truck, then her band can go to perform nearby village and earn more income. In the future, she wants to enlarge her business depend on customer needs.
The loan must be repaid in 36 months.
| Company name | Phillip Bank |
| CEO | Chorm Sros |
| Founded | 2013-01-01 |
| Location | Kampong Cham |
| Sector | Services |
| Turnover | €36,642.85 |
| 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 Chorm Sros
Dirk Rentmeester