Som Horn
With a loan of EUR 4,600 Som is able to purchase a car to deliver groceries to her customers.
€4,600
3.25%
36 months
6 months
EUR
CurrencyAmount | €4,600 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Som, 44, is married mother who lives in the Tbong Khmum province of Cambodia. For the past 5 years, she and her husband have been operating together in their grocery store to make profits for support the family living.
Due to the difficulty of transportation, she is now asking for a loan to purchase a car for transport grocery to her store and sell to nearby village. She thinks this investment will help her save money from transportation costs and enlarge her business as well.
Local partner Kredit will provide this loan.
Company name | Som Horn |
CEO | Som Horn |
Founded | 2013-01-01 |
Location | Tbong Khmum |
Sector | Wholesale / Retail |
Turnover | €15,963.30 |
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