Sum Navy
Navy is asking for a loan of EUR 6,800 to purchase additional construction materials for her husbands business.
€6,800
3.00%
18 months
6 months
EUR
CurrencyAmount | €6,800 |
Interest | 3.00% |
Maturity | 18 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. Sum Navy, 40, is married and lives with her two children in the Phnom Penh City of Cambodia. She has been working as a masseur, while her husband is a construction foreman to make profits. She and her husband can make around 41USD per day.
In light of economic difficulties, she is now asking for a loan to purchase additional construction materials for her husband business. She believes this purchase will allow her to increase her family income and her family standard of living will be raise.
Company name | Sum Navy |
CEO | Navy Sum |
Founded | 2013-01-01 |
Location | Phnom Penh City |
Sector | Services |
Turnover | €13,405.40 |
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