CambodiaEan Chanthan
With EUR 8,800 Chanthan is able to expand the capacity of her junk shop and increase revenues.
€8,800
3.00%
24 months
6 months
EUR
Currency| Amount | €8,800 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Ean Chanthan, 34, is married and lives with her three children in the Siem Reap Province of Cambodia. To earn a living, she and her husband run a business purchasing and selling junk materials. She purchasing old iron, cans, plastics, cartons, battery, radio, and television from the villagers and resell it to Vietnamese and Thai traders every month.
Due to a shortage of finance, she is now asking for a loan to invest in her business. She sees this investment as an opportunity to enlarge her capital and increase her daily income.
To be repaid in 24 months.
| Company name | Phillip Bank |
| CEO | Chanthan Ean |
| Founded | 2011-01-01 |
| Location | Siem Reap Province |
| Sector | Wholesale / Retail |
| Turnover | €27,678.57 |
| Employees | 2 |
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 2 jobs are created
- With this investment 8 lives are improved
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We have already contributed to Ean Chanthan
Gerard de JongRon van EijkLeendert SmitA. PronkFrank Fekken