Savon Tep
With EUR 5,400 Savon is able to renovate the rooms that she rents out to factory workers.
€5,400
4.00%
36 months
6 months
EUR
CurrencyAmount | €5,400 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. Tep Savon, 36, is a widowed mother with two children who lives in the Phnom Penh of Cambodia. She has been working as a garment factory worker inside of this she also has 6 rooms for rent to earn additional income for support the family.
She is now requesting for a loan to renovate her 6 room for rent.
To be repaid in 36 months.
Company name | Savon Tep |
CEO | Savon Tep |
Founded | 2004-01-01 |
Location | Phnom Penh |
Sector | Services |
Turnover | €15,357.14 |
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