CambodiaTiet Rony
With EUR 8,800 Rony is able to invest in her own clothing/shoe store instead of renting a stall at the market.
€8,800
4.00%
36 months
6 months
EUR
Currency| Amount | €8,800 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Tiet Rony, 29, is married and lives with her husband and two children in Kampong Cham Province, Cambodia. She sells clothes and shoes at the market, while her husband is farmer, growing yam beans for more than five years.
Every month, Mrs. Rony spends USD200 for her renting store, and now she would like to request for a loan to purchase a clothes store from the market owner so that she can so that she does not to pay for the renting fees.
The loan must be repaid in 36 months.
| Company name | Phillip Bank |
| CEO | Rony Tiet |
| Founded | 2013-01-01 |
| Location | Kampong Cham |
| Sector | Wholesale / Retail |
| Turnover | €83,485.71 |
| Employees | 1 |
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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We have already contributed to Tiet Rony
Hajé van EgmondJoop Singeling