CambodiaPheng
With EUR 13,200 Saroum is able to build 10 extra rooms next to her house to rent out to tourists.
€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. PHENG Saroum is married and lives with her husband and two young children in Siem Reap province. She has a laundry business from her home to earn a living. The business has started since 2010, and it makes a good income. Because of her house is around the guesthouses and hotel area that is why she has many customers to support. Her husband is a carpenter. He works for a local private carpentry shop where there is about 10 kilometer from home.
Mrs. PHENG is now asking for a loan to build 10 rooms to rent out. Her house is located in the center of Siem Reap city where there are many foreigners and visitors come to visit Angkor Wat. All the guesthouse and hotel at Siem Reap are very busy, and she believes that the new investment will bring more income for her family in the next six months when the rooms are finish.
| Company name | Phillip Bank |
| CEO | Saroum Pheng |
| Founded | 2010-01-01 |
| Location | Siem Reap |
| Sector | Services |
| Turnover | €128,495.57 |
| Employees | 2 |
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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