Sakun Sreysor
With EUR 7,200 Sakun is able to purchase a new car for her husbands taxi service and thus increase their income.
€7,200
3.25%
42 months
6 months
EUR
CurrencyAmount | €7,200 |
Interest | 3.25% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
Summary
Sakun, 32, is married and lives with her children in Prey Veng province of Cambodia. To support the family living, she has been working as a general manager in the restaurant in the local village, while her husband, Hel Yara, has been working as a taxi driver for tourism to earn an additional income for about five years. Because of the competitive market in Cambodia, Sakun wants to develop her husband’s business but lacks of money.
With a loan Sakun is able to replace her old car with a new modern car (highlander) to raise up her husband’s business. This new car is allows her husband to transport more passengers and it a good choice for customer to select. She believes that this loan will allow her to increase her daily income and better support her family.
Local partner KREDIT provides the loan, which has to be repaid in 42 months.
Company name | Sakun Sreysor |
CEO | Sakun Sreysor |
Founded | 2013-01-01 |
Location | Prey Veng |
Sector | Services |
Turnover | €14,576.27 |
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