El Mariyan
With EUR 5,800 El Mariyan is able to procure extra cows in order to resell at the livestock market.
€5,800
4.00%
36 months
6 months
EUR
CurrencyAmount | €5,800 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. El Mariyan, is married and lives with her husband in Phnom Penh city. She works as a supervisor in garment factory, while her husband is an assistant to manager at the same factory that Mrs. El Mariyan is working. They both have been working in the factory for about 8 years to earn a profit to support their family. At the weekend, they both also trade cow for additional income to support the family.
Mrs. El Mariyay is now requesting for a loan from KREDIT to reinvest on her cow trading business. With this money, she is able to purchase more cows for resell.
Company name | El Mariyan |
CEO | El Mariyan |
Founded | 2008-01-01 |
Location | Phnom Penh |
Sector | Services |
Turnover | €37,500 |
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