PRAK Dano
With a loan of EUR 4,800 Prak will purchase his own van to rent to garment factory and earn extra income.
€4,800
4.00%
36 months
6 months
EUR
CurrencyAmount | €4,800 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mr. PRAK Dano, 27, lives with his family in Phnom Penh City. He works at garment factory as a driver who usually transport staff from Phnom Penh to provinces.
To earn an additional income to support his family, he has an idea to invest to purchase a van to rent to garment factory, a purchase that he sees as a good opportunity to increase her income.
Local partner Kredit will provide this loan to Prak together with Lendahand.
Company name | PRAK Dano |
CEO | Prak Dano |
Founded | 2016-01-01 |
Location | Toul Kork |
Sector | Services |
Turnover | €8,928.57 |
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