Tom Tuy
With a loan of EUR 4,300 the wife of Tom will be able to open a food store and increase the family income.
€4,300
3.25%
42 months
6 months
EUR
CurrencyAmount | €4,300 |
Interest | 3.25% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
The project
Tuy Tom is 36 years old married of three school aged children whom living in Kampong Cham province, Cambodia. For the past 11 year, he and his wife have been working together in the rice farm to earn income for support family living. She is now want to open a food store but lacking of finance that is why she asking for a loan. She will use this loan to create more money for support her family especially help her children to get higher education.
Company name | Phillip Bank |
CEO | Tom Tuy |
Founded | 2006-01-01 |
Location | Kampong Cham |
Sector | Services |
Turnover | €14,922.03 |
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