CambodiaPhoeurn Phea
With EUR 5,100 Phea can buy more raw food products to sell at her stall in the village and increase her income.
€5,100
3.25%
42 months
6 months
EUR
Currency| Amount | €5,100 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Phea is 37 years old, married, and lives with her husband and child in the province of Prey Veng in Cambodia. Phea runs a little business in town and her husband works as a rice farmer. She owns a stall where she sells a variety of raw foods like vegetables, meat and fish.
With this loan she can buy more products to sell. This enables her business to grow and her income to increase so she can pay for her child's school fees.
Local partner Kredit provides this loan with a maturity of 42 months.
| Company name | Phillip Bank |
| CEO | Phea Phoeurn |
| Founded | 2010-01-01 |
| Location | Prey Veng |
| Sector | Wholesale / Retail |
| Turnover | €12,542.37 |
| 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 jobs are created
- With this investment 4 lives are improved
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We have already contributed to Phoeurn Phea
Piet van der Kooi