Heng Yim
With EUR 13,200 Yim is able to meet the growing number of orders for the wooden furniture she produces.
€13,200
4.00%
48 months
6 months
EUR
CurrencyAmount | €13,200 |
Interest | 4.00% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. HENG Yim is married and lives with her husband and four school aged children in Phnom Penh city. She and her husband opens a wooden handicraft shop, producing doors, windows, tables, chairs, and other furniture material which made from wood. They have been doing this business for about 10 years to earn a living to support their family, and are able to hire 7 full time staff. This family also got an additional income from contract with house builder who build many houses to install the windows and doors.
To expand their business, they would like to apply for a loan to purchase more woods to expand their business.
The loan must be repaid in 48 months.
Company name | Heng Yim |
CEO | Heng Yim |
Founded | 2006-01-01 |
Location | Phnom Penh |
Sector | Distribution and Processing |
Turnover | €211,327.43 |
Employees | 7 |
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