CambodiaSokna Yoeun
With a loan of EUR 2,550 Sokna will be able to add more clothes for her husband’s store to sell to his customers.
€2,550
3.25%
36 months
6 months
EUR
Currency| Amount | €2,550 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
A resident in a village in Prey Veng province, Cambodia, Mrs Yoeun Sokna, 30, is married and has only one children. She is a hard working woman and has been working in the garment factory worker to earn income for support her family’s living. Her family income also aided by her husband who is a clothes seller in the local market. In order to enlarge the capital, she is now asking for a loan to add more clothes for her husband’s store to sell. She thinks all of these purchase will meet the customers’ needs, attracted new customers, also increase her family profits.
| Company name | Phillip Bank |
| CEO | Sokna Yoeun |
| Founded | 2016-01-01 |
| Location | Prey Veng province |
| Sector | Wholesale / Retail |
| Turnover | €10,718.64 |
| 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
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