Sopheary Kim
With EUR 26,200 Sopheary can start a new business, building rooms to rent for garment factory workers.
€26,200
4.00%
48 months
6 months
EUR
CurrencyAmount | €26,200 |
Interest | 4.00% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
Summary
Kim Sopheary, 29, sells beef, pork, bone of pig and cow in bulk with her husband in the downtown market of Phnom Penh city. Every morning, she and her husband always bring pork, beef and bones of the pig and cow from local slaughter place and distribute some amount to small sellers, and she keeps some to sell at her store.
For the past 5 years, she and her husband were small sellers, they can sell about 20kg to 30kg of meat and bones every day. Since this couple start many years of this business and there are many customers to support her business, they can expand their business by increase their selling from 100kg to 130kg per day (mostly bones) which is the revenue is about 16,860 USD per month with the expense of the business is about 14,727 USD per month. The meat and bone business are doing well because most of her customers will buy this product for their small restaurant to make soup to sell to the customers.
Currently, Sopheary and her husband are asking for a loan to start a new business, building rooms to rent for garment factory workers.
Company name | Sopheary Kim |
CEO | Sopheary Kim |
Founded | 2008-01-01 |
Location | Phnom Penh |
Sector | Wholesale / Retail |
Turnover | €176,842.10 |
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 2 jobs are created
- With this investment 8 lives are improved