Bul Phalli
With a loan of EUR 10,400 Phalli can increase her daily selling of fish and sell more to local small sellers.
€10,400
4.00%
36 months
6 months
EUR
CurrencyAmount | €10,400 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. BUL Phalli, 53, is married and lives with her husband and one employed child in Takeo province. She is a wholesaler of seafood in the market. She has been running this business for about 10 years to support her family. She usually supply the seafood direct from the Kampot and Preah Sihanouk provinces. Every day, she orders seafood such craps, fishes, shrimps, octopus, around 250kg to 300kg to both distribute to small sellers at Phnom Penh city 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.
Company name | Phillip Bank |
CEO | Phalli Bul |
Founded | 2006-01-01 |
Location | Takeo |
Sector | Wholesale / Retail |
Turnover | €553,894.73 |
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