Rort Than
With a loan of EUR 8,000 Than will be able to buy a car for his company that can be steered by his son.
€8,000
4.00%
36 months
6 months
EUR
CurrencyAmount | €8,000 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Rort Than, 57, is married and has two children who lives in the Phnom Penh City of Cambodia. He and his wife have been running a business as construct and sell shrine and sculptures to make profits since 1989.
He sees the purchase of a car will allow him to have own business and increase his family income.
Company name | Phillip Bank |
CEO | Than Rort |
Founded | 1989-01-01 |
Location | Phnom Penh City |
Sector | Wholesale / Retail |
Turnover | €24,324.32 |
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 1 job is created
- With this investment 4 lives are improved