CambodiaVan Yim
With EUR 4,400 Yim is able to move his shop to a larger store and accommodate more customers.
€4,400
3.00%
24 months
6 months
EUR
Currency| Amount | €4,400 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mr. Yim, 58, lives with his four children in Kampong Cham province, Cambodia. He started his retailing business where he sells shoes, cosmetics, jewelry and clothes for both men and women.
He would like to purchase a bigger shop, clothes, shoes, and cosmetics for his customers demand. He believes that with the loan, the expansion of his business will bring about an increased income and a higher standard of living.
Now he is requesting a loan from KREDIT to reinvest on his business. The loan must be repaid in 24 months.
| Company name | Phillip Bank |
| CEO | Yim Van |
| Founded | 2016-01-01 |
| Location | Kampong Cham |
| Sector | Wholesale / Retail |
| Turnover | €39,642.85 |
| 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
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We have already contributed to Van Yim
Arne DriessenRon van Eijk