Chim Savat
With a loan of EUR 8,800 Savat will be able to build 10 rooms more for rent so she can increase her income..
€8,800
4.00%
36 months
6 months
EUR
CurrencyAmount | €8,800 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Chim Savat is 61 years old. She is a widowed who lives in the Phnom Penh City of Cambodia with her two children. She has been earn income from rental business and selling groceries, she has 30 rooms for rent.
Since this business make a lot of profits, she is asking for a loan to
invest in her business. She would like to build 10 rooms more for rent. She
sees this investment will allow her to increase her income and to raise her
standard of living.
Company name | Chim Savat |
CEO | Savat Chim |
Founded | 2004-01-01 |
Location | Phnom Penh |
Sector | Services |
Turnover | €19,435.71 |
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