Ny Sophors
With a loan of EUR 6,200 Ny is able to expand her phone shop and increase her income.
€6,200
3.25%
36 months
6 months
EUR
CurrencyAmount | €6,200 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Ny Sophors, 54, is a business woman who lives with her only one
children and her husband in the Phnom Penh City of Cambodia. She has her own
phone shop and has been selling mobile phone to earn additional income to
support the living. And her husband is a chief district.
Now she would like to expand her phone shop but lacks of money that is why,
she is asking for a loan to purchase more phone for her shop. She sees this
purchase will allow her to increase her income and raise her standard of living.
Company name | Ny Sophors |
CEO | Ny Sophors |
Founded | 2016-01-01 |
Location | Phnom Penh City |
Sector | Wholesale / Retail |
Turnover | €32,142.85 |
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 2 jobs are created
- With this investment 8 lives are improved