funding gap emerging markets
Cambodia

Sourn Muysim

  • Phillip Bank
  • Local partner investment
  • + 41 other investors
  • With EUR 43.800 Muysim is able to increase sales of seafood and build an extra room to rent out.

    €43,800
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€43,800
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 14 April 2016.
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      Summary

      Muysim is married and lives with her husband and two children who are in school in Phnom Penh city. 

      She is a wholesaler of seafood in the market of Phnom Penh city. She has been running this business for about 7 years to support her family. She usually supply the seafood direct from the Kampot and Preah Sihanouk provinces. Every day, she order the seafood such craps, fishes, shrimps, octopus, around 250kg to 300kg to both distribute to small sellers and keep some amount to sell at her own store.

      Since this business has been earn a lot to support her family, she is now requesting for a loan from KREDIT to increase her daily selling. She also has an new idea to create another renting room business, so the loan request is also allow her to build some room for renting out. 

      Company nameSourn Muysim
      CEOMuysim Sourn
      Founded2009-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€430,978.94
      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 2 jobs are created
      • With this investment 8 people are reached

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      We have already contributed for Sourn Muysim

      Han de Haas
      A. Pronk
      Erik Hamelink
      + and another
      41
      investors