CambodiaSay Thul
With a loan of EUR 6,200 Say is able to purchase more groceries to sell in his store.
€6,200
3.25%
48 months
6 months
EUR
Currency| Amount | €6,200 |
| Interest | 3.25% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Say Thul, 28, is a married man. He is living with his wife and only one children in the village in Siem Reap province of Cambodia. He and his wife are sellers and have been selling groceries together to make profits for support living for the past four years.
He is now asking for a loan to expand his capital to buy more grocery to
the store. He sees with this loan will help him to enlarge his store and as
well as his family profits.
Local partner Kredit provides this loan.
| Company name | Phillip Bank |
| CEO | Say Thul |
| Founded | 2013-01-01 |
| Location | Siem Reap |
| Sector | Wholesale / Retail |
| Turnover | €18,018.01 |
| 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 2 jobs are created
- With this investment 8 lives are improved
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We have already contributed to Say Thul
Joop SingelingGerard de Jong