Mao Mom
Mao is now asking for a loan of EUR 4,400 to expand her business by purchase clothes in bulk in Thailand.
€4,400
4.00%
36 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. Mao Mom resides in Prey Veng with her husband. She is a true entrepreneur selling clothes in the downtown market. Every 3 months, she goes to Thailand where she can buy the clothe in bulk to resell. Before she was a food seller but she stopped as she make less income.
Since the clothes business is making good income to support the family, she is now asking for a loan to expand her business by purchase clothes in bulk to have special discount and to meet her customer demand as well.
Company name | Phillip Bank |
CEO | Mao Mom |
Founded | 2014-01-01 |
Location | Peam Ro |
Sector | Wholesale / Retail |
Turnover | €8,928.57 |
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