Hun Samnang
With a loan of EUR 7,150 Samnang is now able to purchase a new vehicle to empower his taxi business.
€7,150
3.25%
42 months
6 months
EUR
CurrencyAmount | €7,150 |
Interest | 3.25% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
The project
Read the information document of the issuer here
Samnang is a 30 year old man who lives with his wife and two children in the province Svay Reang in Cambodia. He works as a taxi driver transfering customers from Svay Reang to Phnom Penh.
With this loan, Samnang is able to buy a new car to replace the old one. This will help him to attract more customers and increase his income.
Local partner Kredit provides this loan with a maturity of 42 months.
Company name | Phillip Bank |
CEO | Samnang Hun |
Founded | 2015-01-01 |
Location | Svay Reang province |
Sector | Services |
Turnover | €15,462.18 |
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