Theng Sorphea
With a loan of EUR 13,200 Sorphea can built 5 rooms to rent and therefore increase her monthly income.
€13,200
4.00%
48 months
6 months
EUR
CurrencyAmount | €13,200 |
Interest | 4.00% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. THENG, Sorphea is married and live with her husband and four employed children. All of her children are working in Casino at Vietnam border. Living, she sells variety of cosmetic products to her customer from her home.
To earn more profit to support her family, she is requesting for a loan from KREDIT to build 5 rooms to rent. She is expecting for another 300USD of net income from the renting when the construction is finish.
Company name | Phillip Bank |
CEO | Sorphea Theng |
Founded | 2008-01-01 |
Location | Pailin |
Sector | Wholesale / Retail |
Turnover | €30,789.47 |
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 job is created
- With this investment 4 lives are improved