Seam Phallen
With a loan of EUR 8,800 Phallen will be able to buy gold and expand her jewelry shop on the local market.
€8,800
3.25%
42 months
6 months
EUR
CurrencyAmount | €8,800 |
Interest | 3.25% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
The project
Phallen Seam is married and lives with her husband n the Kampong Cham province. She owns a jewelry shop from the local market, while her husband is a goldsmith. She has been selling gold for about ten years and the jewelry business is making more profit to support her family.
She now requests a loan to expand her business by buying more gold for her husband so that he can make more necklaces, rings and other jewelry so that she can sell them at the market.
Together with local partner Kredit Lendahand will provide a loan that must be repaid in 42 months.
Company name | Phillip Bank |
CEO | Phallen Seam |
Founded | 2007-01-01 |
Location | Baray |
Sector | Wholesale / Retail |
Turnover | €25,892.85 |
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 3 jobs are created
- With this investment 12 lives are improved