Yon Sreymom
With a loan of EUR 7,150 Sreymom can enlarge her business in producing bricks and increase income.
€7,150
3.25%
48 months
6 months
EUR
CurrencyAmount | €7,150 |
Interest | 3.25% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
The project
Read the information document of the issuer here
Sreymom is a 38 year old woman, who lives in the provice of Kampong Cham in Cambodja together with her husband and three children. They own a business in manufacturing bricks since 2003.
With this loan, she can buy more brick kilns to produce more bricks for sale and increase her income.
Local partner Kredit provides this loan with a maturity of 48 months.
Company name | Phillip Bank |
CEO | Sreymom Yon |
Founded | 2013-01-01 |
Location | Kampong Cham Province |
Sector | Manufacturing / Production |
Turnover | €43,397.14 |
Employees | 10 |
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 3 jobs are created
- With this investment 12 lives are improved