Math Yan
With a loan of EUR 8,000 Math is able to purchase more fishes to resell at the local market.
€8,000
4.00%
36 months
6 months
EUR
CurrencyAmount | €8,000 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. Math Yan, 38, lives in Kampong Cham province and sells fishes in the local market to earn a living, while her husband is a motorbike repairer.
She is now requesting for a loan to invest in her fishing, purchase more fishes to resell. This money is also help her husband to buy motorcycle spare part.
Company name | Phillip Bank |
CEO | Math Yan |
Founded | 2011-01-01 |
Location | Kampong Cham |
Sector | Wholesale / Retail |
Turnover | €64,285.71 |
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 3 jobs are created
- With this investment 12 lives are improved