CambodiaPheng Sophea
With a loan of EUR 35,400 Sophea is enabled to build a third kindergarten school in the Kampong province.
€35,400
4.00%
36 months
6 months
EUR
Currency| Amount | €35,400 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Pheng Sophea is married and lives with her husband in Phnom Penh city. She is a true entrepreneur, opens two kindergarten schools at Kampong Speu province. The school are not for the small children to study, but she also has an English part time classes and short courses like computer skills and management. With two schools, there are about 500 students from kindergarten and short courses class.
With this business, she is able to employ 26 full time staff. The business has been about for 5 years, and she wants to open one more school. She is now asking for a loan to purchase a plot of land to build a new school in the future. She is an ambitious entrepreneur who one day hopes to set up a third school.
She sees this loan as a way to increase her income and is confident that her business venture will be successful.
| Company name | Phillip Bank |
| CEO | Sophea Pheng |
| Founded | 2011-01-01 |
| Location | Phnom Penh |
| Sector | Services |
| Turnover | €154,513.27 |
| Employees | 26 |
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 3 jobs are created
- With this investment 12 lives are improved
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We have already contributed to Pheng Sophea
Ron van EijkAlbert StoterMarlies Witteveen Martijn KistemakerTim Slijp