Chantrea
With EUR 17,400 Chantrea and her husband can replace their truck to transport stones to a cement factory.
€17,400
4.00%
48 months
6 months
EUR
CurrencyAmount | €17,400 |
Interest | 4.00% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. Hoeurng is married and lives with her husband and three young children Kampong Speu province. She is a good housewife stays at home taking good care of her small children. Her husband has a 5 tone mini truct to transport stone (a stone from the mountain to produce as cement) to resell at the cement factory. Everyday, he can transport two times and each transportation he can earn US$35.
Currently, the mini truct is abit old and Mrs. Chantrea is request for a loan from KREDIT to replace for a new truct for her husband. The loan must be repaid in 48 months.
Company name | Phillip Bank |
CEO | Chantrea Hoeurng |
Founded | 2009-01-01 |
Location | Kampong Speu |
Sector | Services |
Turnover | €36,842.10 |
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