San Song
With a loan of 10,600 EUR San is able to build four rooms to rent to tourists for additional income.
€10,600
3.00%
24 months
6 months
EUR
CurrencyAmount | €10,600 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. SONG San is married and lives with her husband in Phnom Penh city. She is a cosmetics seller at the market for about 10 years to earn a living. Every 2-3 months, she goes to Thailand to import cosmetic products in bulk. She often distribute some products to small sellers and keep some to resell.
She is now request for a loan to make a new investment, building 4 rooms to rent for an additional income to improve standard of living.
Company name | San Song |
CEO | San Song |
Founded | 2005-01-01 |
Location | Phnom Penh |
Sector | Wholesale / Retail |
Turnover | €165,663.71 |
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