Veng Sreymom
With a loan of EUR 3,400 Sreymom is able to buy more bamboo to expand her business.
€3,400
3.25%
36 months
6 months
EUR
CurrencyAmount | €3,400 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Read the information document of the issuer here
Sreymom is a 44 year old woman, who lives together with her husband and three children in the province of Prey Veng in Cambodia. Together they own a business in selling bamboo and baby trees since 2015.
With this loan, she is able to purchase more bamboo trees to increase her sales. This investment helps her expand her business.
Local partner Kredit provides this loan with a maturity of 36 months.
Company name | Veng Sreymom |
CEO | Sreymom Veng |
Founded | 2015-01-01 |
Location | Prey Veng |
Sector | Wholesale / Retail |
Turnover | €9,457.62 |
Employees | 3 |
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 jobs are created
- With this investment 4 lives are improved