CambodiaThavy Kaev
With a loan of EUR 9,000 Thavy's husband is able to purchase more wood for his carpentry business.
€9,000
4.00%
36 months
6 months
EUR
Currency| Amount | €9,000 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Kaev Thavy, 36, is married and lives with her husband and two school aged children in Kampong Cham province. To earn a living, she has been selling cosmetics and clothes in the local market since 2010. Her husband is a carpenter, making furniture to sell as the main income to support the family living. With the carpenter business, her husband is able to employ 3 full time workers.
Mrs. Kaev is now is requesting for a loan to purchase more clothes and cosmetics product to resell, while some money is used to buy more wood for her husband carpenter business.
| Company name | Phillip Bank |
| CEO | Thavy Kaev |
| Founded | 2015-01-01 |
| Location | Kampong Cham |
| Sector | Wholesale / Retail |
| Turnover | €212,108.10 |
| Employees | 3 |
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 3 jobs are created
- With this investment 12 lives are improved