Savon Sem
With a loan of EUR 5,000 Savon is able to stock more products to sell in her grocery store and increase her income.
€5,000
3.25%
36 months
6 months
EUR
CurrencyAmount | €5,000 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
A grocery seller in the Tboung Khmum province of Cambodia, Savon is 40 years old. She is married and has three school aged children. She has been operating in her store to make profits for support the family life expenses for the past 11 years. And her family income also aided by her husband who is a taxi driver.
In order to increase her family profits, she is now asking for a loan to add more grocery to her store. She believes with this loan will help her finance to enlarge her business and better support her family living.
Local partner Kredit will provide the loan, which has to be repaid in 36 months.
Company name | Savon Sem |
CEO | Savon Sem |
Founded | 2006-01-01 |
Location | Tbong Khmum |
Sector | Agriculture |
Turnover | €13,206.77 |
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