Sak Marinet
With a loan of EUR 10,600 Sak is able to invest in her store where she will start a grocery business.
€10,600
4.00%
48 months
6 months
EUR
CurrencyAmount | €10,600 |
Interest | 4.00% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. SAK Marinet is married and lives with her young child and her husband in Phnom Penh city. Currently, she sells clothes from market but this business is making less profit to support her family. She is now looking for a new job selling grocery products. She is also interest open a remittance service which she works as a company representative for a commission when there are transaction happen from her booth.
She is now looking for a loan to start a grocery business and remittance service.
Company name | Phillip Bank |
CEO | Sak Marinet |
Founded | 2015-01-01 |
Location | Phnom Penh |
Sector | Wholesale / Retail |
Turnover | €41,734.51 |
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 2 jobs are created
- With this investment 8 lives are improved