CambodiaSoeun Nimol
With a loan of EUR 13,200 Nimol is able to acquire a new car for her husband's taxi business.
€13,200
4.00%
48 months
6 months
EUR
Currency| Amount | €13,200 |
| Interest | 4.00% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
SOEUN Nimol, 30, sells beefs, and porks in the downtown market of Siem Reap city. Her husband is a taxi driver, who usually drive foreigner from hotel to attraction tourist site. The income from her husband is also one of the main source to support the family.
Mrs. Nimol is asking for a loan from KREDIT to replace an old and small car for her husband to run a taxi business.
| Company name | Phillip Bank |
| CEO | Nimol Soeun |
| Founded | 2007-01-01 |
| Location | Siem Reap |
| Sector | Wholesale / Retail |
| Turnover | €140,726.31 |
| 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
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We have already contributed to Soeun Nimol
A. Pronk