CambodiaChea
With EUR 13,200 Sokunthea is able to expand the inventory of her shop that sells agricultural products.
€13,200
4.00%
36 months
6 months
EUR
Currency| Amount | €13,200 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. CHEA Sokunthea, 25, is married and lives with her husband in Pursat province. From her home, she and her husband opens agricultural product shop. She has opens her shop for more than 6 years and her shop sell many kind of agricultural product such as fertilizer. She is not only supply in the commune she lives, but she also distribute to other district nearby. Most of the product are from Vietnam and Thailand which she got from the original factory that is why she got a special price to compete in the local market.
Sokunthea is asking for a loan to increase the stock of agricultural product as the growing season is coming. She believes that she will have more income with this investment.
| Company name | Phillip Bank |
| CEO | Sokunthea Chea |
| Founded | 2011-01-01 |
| Location | Pursat |
| Sector | Wholesale / Retail |
| Turnover | €200,123.89 |
| 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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Harry Stein