MUT Sophat
Sophat is in need of working capital of EUR 4,400 to purchase small cups to collect rubber.
€4,400
3.00%
24 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. Mut Sophat is a widowed mother with two children residing in a village in Kampong Cham province. She owns a wood handicraft shop, making window, table, chair, and other furniture for sell to earn an income for her family. The products are also transport to sell at the provinces and Phnom Penh city by the motorbike attached with a trailer. She also has two hectares of rubber plantation which now she is able to profit from collecting the rubber, and one hectare of chashew nut.
She is now requesting for a loan to purchase small cups to attach with rubber trees to collect the rubber and the rest of money is to purchase fertilizer for her farm.
Company name | MUT Sophat |
CEO | Sophat Mut |
Founded | 2010-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €27,323.89 |
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