With EUR 5,950 Ouk is able to purchase more mangoes for her trading business and increase her income.
Ouk, 25, is married and lives with her husband and children in the Prey Veng province of Cambodia. She is food seller and has been selling rice and porridge in the morning to earn income since 2009. To aided more income, she also work as a mango trader to earn additional income.
To expand her trading business, she is now asking for a loan to purchase more mango for sell. She sees these purchase will allow her to purchase more mango and better support her customers.
Local partner KREDIT provides the loan, which has to be repaid in 30 months.
|Company name||Ouk Kolab|
|Sector||Wholesale / Retail|
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.
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.
Related blog articles
Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- With this investment 1 job is created
- With this investment 4 people are reached