CambodiaEam Kunthea
With a loan of EUR 11,000 Eam is able to build a house with rooms to rent out to workers.
€11,000
3.25%
30 months
6 months
EUR
Currency| Amount | €11,000 |
| Interest | 3.25% |
| Maturity | 30 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Eam Kunthea is 44 years old and sells vegetables and fruits in the local market of Phnom Penh city. Her business has been around for about for five years. Her husband is a security at night time, and he also take his time to run a motor taxi service at day time to earn an additional.
To earn more income, she is now asking for a loan to build a small house to rent out. This will help Kunthea to earn about USD 120 per month more when the construction is finished. She is confident that this loan will allow her to increase her daily income and to better support her family.
Local partner Kredit will provide this loan.
| Company name | Phillip Bank |
| CEO | Eam Kunthea |
| Founded | 2000-01-01 |
| Location | Phnom Penh |
| Sector | Wholesale / Retail |
| Turnover | €41,988.99 |
| 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 4 jobs are created
- With this investment 16 lives are improved
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We have already contributed to Eam Kunthea
Wilgert VelingaAlbert StoterJan van MunsterIvo RichaersLeendert Smit