With a loan of EUR 8,450 Sokden is able to buy a new vehicle and increase his business as well as his income.
Read the information document of the issuer here
Sokden is a man, 25 years old, who lives in the province of Kampong Cham in Cambodia. He works as a butcher at the local market.
With this loan, he is able to purchase a car for transportation purposes. This investment will help him to increase his capital and as well as his daily profits and therefore increase his business.
Local partner Kredit provides this loan with a maturity of 36 months.
|Company name||Tang Sokden|
|Location||Kampong Cham Province|
|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