CambodiaPich Mony
Mony is requesting for a loan of EUR 17,600 to purchase a plot of land to build rooms to rent for in the future.
€17,600
4.00%
48 months
6 months
EUR
Currency| Amount | €17,600 |
| Interest | 4.00% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mr. PICH Mony is married and live with two children and his wife in Phnom Penh city. He has a guesthouse and one building with 30 rooms to rent out. The rooms are rent to garment factory workers. He is also works as a electrician connecting electricity. He sometime hire to connect the electricity in a house.
Since the renting business is making more income to support his family, he is now requesting for a loan to purchase a plot of land 10mx20m to build rooms to rent for in the future.
| Company name | Phillip Bank |
| CEO | Mony Pich |
| Founded | 2010-01-01 |
| Location | Phnom Penh |
| Sector | Services |
| Turnover | €61,592.92 |
| 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 3 jobs are created
- With this investment 12 lives are improved
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We have already contributed to Pich Mony
Ton Van der MeerRon van EijkRalph van BaarenElke Krekels