CambodiaPhoem Sophy
With a loan of EUR 2,500 Sophy can buy more cosmetic products to sell at the local market and increase her income.
€2,500
3.25%
36 months
6 months
EUR
Currency| Amount | €2,500 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Sophy lives with her child in the province Prey Veng in Cambodia. She sells cosmetic products at the local market to support her family for the past 3 years.
With this loan she can increase her profits and add more cosmetic products to sell such as lotion, facial cream, shampoo and collagenl. This investment is a good opportunity to increase income and improve her family's living conditions.
Local partner Kredit provides this loan with a maturity of 36 months.
| Company name | Phillip Bank |
| CEO | Sophy Phoem |
| Founded | 2015-01-01 |
| Location | Prey Veng |
| Sector | Wholesale / Retail |
| Turnover | €6,352.94 |
| 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