Lay Kimlorn
With EUR 8,000 Lay is able to invest in a ground drilling equipment to pump more ground water up.
€8,000
4.00%
36 months
6 months
EUR
CurrencyAmount | €8,000 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. LAY Kimlorn, is married and lives with her husband in Kampong Cham province. She is a farmer to earn a income to support the family, while her husband has provide water well pumping service to earn as main income.
Mrs. Lay is now requesting for a loan for her husband to purchase ground drilling equipment and other material to expand the business. She believes that this investment would bring more income to improve her family standard living.
The loan must be repaid in 36 months.
Company name | Lay Kimlorn |
CEO | Lay Kimlorn |
Founded | 2010-01-01 |
Location | Kampong Cham |
Sector | Services |
Turnover | €78,832.43 |
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