funding gap emerging markets
Cambodia

Pen Sambo

  • Phillip Bank
  • Local partner investment
  • + 7 other investors
  • With a loan of EUR 11,400 Pen can purchase a minivan so that he is no longer hiring from the company.

    €11,400
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€11,400
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 hours on 8 April 2016.
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      Summary

      Pen Sambo is married and lives with his wife and three students children in Kampong Chhnang province. To earn a living, he rent a 15 seats minivan from the company to run a taxi driver. He usually transport vegetables, foods, and clothing from Vietnam and Thailand borders.

      Beside transportation service, he can purchase some clothing from both Vietnam and Thailand for his wife business at the local market.

      Seeing a good opportunity from having his own van, he is requesting for a loan from KREDIT including with his own saving to purchase a minivan so that he is no longer hiring from the company to have an additional income from his current job.

      Company namePen Sambo
      CEOPen Sambo
      Founded2010-01-01
      LocationKampong Chhnang
      SectorServices
      Turnover€48,315.78
      Employees1

      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 1 job is created
      • With this investment 4 people are reached

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