Malen Sor
With a loan of EUR 4,400 Malen is able to purchase clothes in bulk, getting a discount and meeting customer demand.
€4,400
4.00%
36 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. Sor Malen resides in Kampong Cham with her husband and three children. She is a true entrepreneur selling clothes in the downtown market. Every 3-5 months, she goes to Phnom Penh city where she can buy the clothes in bulk to resell. Her husband is a construction foreman in Phnom Penh since 2010.
Since the clothes business is making as main income to support the family, Malen 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 | Malen Sor |
CEO | Malen Sor |
Founded | 2011-01-01 |
Location | Prey Chor |
Sector | Wholesale / Retail |
Turnover | €71,035.71 |
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