Poem Sokmean
With a loan of EUR 5,100 Sokmean can buy new repairing materials for her husband's car garage.
€5,100
3.25%
36 months
6 months
EUR
CurrencyAmount | €5,100 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Read the information document of the issuer here
Sokmean is 53 years old and married. She lives with her husband in the Kampong Cham province in Cambodia. Her husband runs a small car garage from his home since 2000. They need a loan for more repairing materials to expand their business. This investment is an opportunity that will increase their daily income.
Local partner Kredit provides this loan with a maturity of 36 months.
Company name | Phillip Bank |
CEO | Sokmean Poem |
Founded | 2000-01-01 |
Location | Kampong Cham Province |
Sector | Services |
Turnover | €15,400 |
Employees | 1 |
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