CambodiaSorm Panha
Sorm is now asking for a loan of EUR 8,550 to purchase more walking machine and pumping machine to sell.
€8,550
3.25%
48 months
6 months
EUR
Currency| Amount | €8,550 |
| Interest | 3.25% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Sorm Panha, 24, is married and living in a village in Kampong Cham province of Cambodia. She operates in the business where she sells walking tractor, pumping machine, and agriculture materials for profits since 2015. Meanwhile her husband is a staff in the private company.
In order to expand her business, she is now asking for a loan to purchase more walking machine and pumping machine to sell.
She sees this investment will help her to fulfill her customers’ needs and also increase her family’s income as well.
| Company name | Phillip Bank |
| CEO | Sorm Panha |
| Founded | 2015-01-01 |
| Location | Kampong Cham Province |
| Sector | Wholesale / Retail |
| Turnover | €41,025.64 |
| Employees | 4 |
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 Sorm Panha
Ton Schroer