CambodiaORN Chheat Car Garage
With a loan of EUR 20,200 Orn is able to purchase more spare part in bulk for his car repair garage.
€20,200
4.00%
48 months
6 months
EUR
Currency| Amount | €20,200 |
| Interest | 4.00% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
ORN Chheat is married and lives with his wife and four of his children in Dambae district Tboung Khmom province. To earn a living, he runs a small car garage from his home to service people around his village. He has been running car garage since 2005. Before owning his small car garage, he used to learn how to repair car for about 4 years. Currently, he is not only provide repairing service, but he is also sell motor spare part car. For the last two years, he is able to hire two men to help support his business. Most of his customers are satisfies his service provider since the price he charge is reasonable, and most of the customers are from word to mouth.
With the loan from KREDIT, he is able to purchase more spare part in bulk so that he can have special discount from wholesaler. He also expect to earn an additional income about 800 USD monthly. In the future, he wants to expand his car garage business bigger and employ more men.
| Company name | Phillip Bank |
| CEO | Orn Chheat |
| Founded | 2005-01-01 |
| Location | Dambae district, Tboung Khmom, Phnom Penh city, Cambodia.. |
| Sector | Services |
| Turnover | €24,473.68 |
| 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 job is created
- With this investment 4 lives are improved
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We have already contributed to ORN Chheat Car Garage
Poul BrandsJoop SingelingTammo Bootz