CambodiaHo
With EUR 13,200 Sreypao is able to place a large order of spare minivan parts to receive a significant discount.
€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. HO Sreypao, 41, is married and lives with three of her children in Batheay district, Kampong cham province. She is a true entrepreneur, selling car spare part for about 10 years. She usually supply the min-van (15 seats) and a small truck spare part. The spare part is supply from provincial market and Phnom Penh market where most of wholesaler always go to fill their stock. Beside the spare part car shop, she also has 3 hectares of cashew nut farmland and one hectares rice field to rent out for an additional income. Now she would like to request for a loan to increase a stock of car spare part in bulk so that she will have a special discount.
| Company name | Phillip Bank |
| CEO | Sreypao Ho |
| Founded | 2006-01-01 |
| Location | Kampong Cham |
| Sector | Wholesale / Retail |
| Turnover | €74,336.28 |
| 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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