CambodiaSakhorn Chann
With a loan of EUR 5,050 Sakhorn will be able to purchase construction materials to construct furniture to sell.
€5,050
3.00%
24 months
6 months
EUR
Currency| Amount | €5,050 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Chann Sakhorn is a farmer who lives with her beloved husband in the Prey Veng province of Cambodia. She has been raising pigs to make profits for support the family’s living. Meanwhile her husband is the construction worker and also construct wooden desk, closet, and other furniture to sell.
Since this business can make high profits, she is now applying for a loan of 6,000USD to purchase construction materials to construct furniture to sell. She believes this loan will allow her to enlarge her husband’s business and increase her family profits as well.
| Company name | Phillip Bank |
| CEO | Sakhorn Chann |
| Founded | 2007-01-01 |
| Location | Prey Veng |
| Sector | Manufacturing / Production |
| Turnover | €17,112.60 |
| Employees | 2 |
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 Sakhorn Chann
Tjerk van DijkGert BaasMarlies Witteveen Jos DingemansOnno Oostveen