Moeurn Savun
With EUR 8,800 Moeurn is able to invest in a small truck to transport firewood and expand her target market.
€8,800
4.00%
36 months
6 months
EUR
CurrencyAmount | €8,800 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. Moeurn Savun is a married and lives with her husband and three children in the Prey Veng Province. She and husband have been working as firewood traders for their main income to help support family since 2008. She is now asking for a loan to purchase one more mini truck to transport firewood for resell.
She is confident that this loan will bring her a good service and increase her daily income to support her family. In the future, she is going to enlarge her business.
Company name | Moeurn Savun |
CEO | Moeurn Savun |
Founded | 2008-01-01 |
Location | Prey Veng |
Sector | Agriculture |
Turnover | €21,334.51 |
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 1 job is created
- With this investment 4 lives are improved