CambodiaUk Sreyrath
With a loan of EUR 8,450 Uk will be able to expand her meat selling business in order to fulfill her customers’ needs.
€8,450
3.25%
36 months
6 months
EUR
Currency| Amount | €8,450 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. UK Sreyrath, 31, sells pork, bone of pig from the local market. Every morning, she always bring pork, and bone of the pig from the slaughter place to sell. Every day, she can actually sell about 4 to 5 of pigs (meat and bone). Before, Mrs. UK Sreyrath was help her parents on this business, after she got married she has to earn income to support her family that is why she chooses her business as meat seller with her husband together. This couple is now requesting for a loan from KREDIT to expand her meat selling business in order to fulfill her customers’ needs and also increase her family’s profits.
| Company name | Phillip Bank |
| CEO | Uk Sreyrath |
| Founded | 2012-01-01 |
| Location | Kampong Cham |
| Sector | Wholesale / Retail |
| Turnover | €21,457.62 |
| 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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We have already contributed to Uk Sreyrath
Jan van MunsterLeendert SmitElke KrekelsGert Baas