Khun Pov
With a loan of EUR 6,400 Pov is able to buy a truck for her husband's band who's playing at wedding parties.
€6,400
3.25%
36 months
6 months
EUR
CurrencyAmount | €6,400 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Khun Pov is married and lives with her husband in Phnom Penh city. Her husband, pictured from home, owns a team to perform music band.
His team was often hired to perform at the wedding and birthday parties.
Pov is asking for a loan to purchase a truck for her husband to transport music equipment and also to invest in her own grocery store. Must be repaid in 36 months.
Company name | Phillip Bank |
CEO | Khun Pov |
Founded | 2012-01-01 |
Location | Phnom Penh |
Sector | Wholesale / Retail |
Turnover | €21,818.18 |
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