CambodiaSam
With a loan of EUR 13,200 Sam can build 8 rooms for an additional income to support her family.
€13,200
3.00%
24 months
6 months
EUR
Currency| Amount | €13,200 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Sam Sreymao, 43, lives with her husband one of her child in Phnom Penh city. She is a kitchen vendor, selling hot pot, plastic bottle, plates, and other kitchen materials in the market of Phnom Penh city. Her husband has business taking good care motorcycle at the parking lot to earn a profit to support the family. This family also owns some store to rent for an additional income.
Sreymao now has a new idea to invest in a renting room business. She want to build rooms to rent out that is why she is asking for a loan from KREDIT to build 8 rooms for an additional income to support her family.
| Company name | Phillip Bank |
| CEO | Sam Sreymao |
| Founded | 2010-01-01 |
| Location | Phnom Penh |
| Sector | Wholesale / Retail |
| Turnover | €84,637.16 |
| 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 Sam
Aad SmitsRemo Demirhisar