funding gap emerging markets
Cambodia

Sun Sreymom

  • Phillip Bank
  • Local partner investment
  • + 23 other investors
  • With EUR 10,400 Sun is able to build 6 additional rooms to rent out to garment factory workers.

    €10,400
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€10,400
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 14 April 2016.
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      Summary

      Mrs. Sun Sreymom is married and lives with her husband in Paoy Paet city. She has a business renting rooms to garment factory workers to earn a profit. Currently, she has 16 rooms to rent out and the business has been about for five years. 

      She sees the renting room service is a good opportunity to expand her income that is why she is asking for a loan from KREDIT to build another 6 rooms. she believes that she is able to earn an additional income to support her family. 

      The loan must be repaid in 48 months. 

      Company nameSun Sreymom
      CEOSun Sreymom
      Founded2009-01-01
      LocationPaoy Paet
      SectorServices
      Turnover€12,631.57
      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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      We have already contributed for Sun Sreymom

      A. Pronk
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      investors