CambodiaHol Ny
With EUR 4,800 Ny is able to expand her aluminum handicraft shop by acquiring extra land next to the shop.
€4,800
4.00%
36 months
6 months
EUR
Currency| Amount | €4,800 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. HOL Ny is working as a rice farmer since 1990 to earn a meager income support her family. Her husband, UON Cheuk, opens a small aluminum equipment handicraft shop that produce such as tables, chairs, widow, roof, and even kitchen material to sell from his home. This business making more profit for his family, and he is able to employ 5 full time workers to help the business.
Currently, the handicraft shop is small and Mr. UON is now asking for a loan to purchase a plot of land nearby to expand the shop, while the rest of the money is used to purchase more material.
| Company name | Phillip Bank |
| CEO | Ny Hol |
| Founded | 1991-01-01 |
| Location | Prey Veng |
| Sector | Agriculture |
| Turnover | €13,476.10 |
| Employees | 5 |
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 Hol Ny
Ron van Eijk