With a loan of EUR 5,050 Nhanh is able to open a grocery store at her home and increase her family income.
Read the information document of the issuer here.
Nhanh is a 29 year old woman who lives with her child in the province Prey Veng in Cambodia. She works as a chef to earn income.
With this loan, Nhanh is able to start her own business and open a grocery store at her house. This investment helps her to pay her child's school fee.
Local partner Kredit provides this loan with a maturity of 42 months.
|Company name||Roeun Nhanh|
|Sector||Wholesale / Retail|
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.
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.
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Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- With this investment 1 jobs are created
- With this investment 4 people are reached