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funding gap emerging markets
Cambodia

Chann Sitha

  • MAXIMA
  • Invest in a Financial Institution
  • + 2 other investors
  • Sitha is in need of a loan of EUR 6,000 to purchase a machine for cutting wood and increase his stock of wood.

    €6,000
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,000
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 20 hours on 10 May 2016.

      Summary

      Chann Sitha married Ly Srey Leak in 2010 and they have one son. They live in Banteay Dek Commune, Kien Svay District, Kandal Province. Sitha is a carpenter and he runs business of manufacturing table, chair, bed, and animal cage for 10 years. Sitha’s wife, Srey Leak is a factory worker and she is able to earn more income to support her family.

      Sitha’s handicraft shop is in Dey Et Commune. Sitha bought wood from Korkey and Dey Et Commune and he is able to produce table, chair, bed, and animal cage (chicken and cow cage) for selling to his clients. It is family business, and at present Sitha does not hire any worker, but his wife also assist him in the business.

      In order to meet rising demand of his clients for the material, Sitha is in need of working capital to purchase more stock of wood, and also purchase a machine for cutting wood. Using loan from Maxima Microfinance Plc., Sitha will be able to increase the number of orders he could manage.

      Company nameChann Sitha
      CEOSitha Chann
      Founded2006-01-01
      LocationKien Svay District, Kandal Province.
      SectorManufacturing / Production
      Turnover€7,789.47
      Employees2

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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