CambodiaOeurn Sam
With EUR 7,000 Oeurn is able to expand his construction business and hire 4 new employees.
€7,000
4.00%
42 months
6 months
EUR
Currency| Amount | €7,000 |
| Interest | 4.00% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mr. Sam Oeurn, 53, is a construction foreman who lives in the Phnom Penh City with his wife and his only one children. After he got the experience from worked as a construction worker in 2008 he decided to run his own business as a construction foreman. And his family is also supported by his wife, Chan Sreymao who is a grocer.
Since this business can make a lot of profits, he is now asking for a loan to reinvest in his business. He believes that this investment as an opportunity to enlarge his business and increase his family standard of living.
To be repaid in 42 months.
| Company name | Phillip Bank |
| CEO | Oeurn Sam |
| Founded | 2008-01-01 |
| Location | Phnom Penh City |
| Sector | Services |
| Turnover | €85,714.28 |
| Employees | 4 |
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 4 jobs are created
- With this investment 16 lives are improved
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We have already contributed to Oeurn Sam
Frans WittenbergMenne Glas