With a loan of EUR 4,400 Lun is able to renovate her roof and attract more customers.
Mrs. Lun Tola, 59, is married and lives with her husband in Phnom Penh city. To earn a living, she has been selling food from her home to earn as main income since 2013 to support her family. Recently, the roof and the front yard are in bad condition that is why she is asking for a loan to renovate her roof and front yard.
|Company name||Lun Tola|
|Sector||Wholesale / Retail|
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.
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.
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Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- With this investment 1 job is created
- With this investment 4 lives are improved