Hem Chanthou
With a loan of EUR 5,800 Chanthou is able to expand her beauty salon and attract more clients.
€5,800
4.00%
36 months
6 months
EUR
CurrencyAmount | €5,800 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Hem Chanthou, 27, is married and lives with her husband and one child in the Tboung Khmum province of Cambodia. She started a beauty salon in 2013, while her husband is a taxi driver to earn an income to support the family.
She is asking for a loan to expand her salon shop.
Together with local partner KREDIT will Lendahand provide a loan that must be repaid in 36 months.
Company name | Phillip Bank |
CEO | Chanthou Hem |
Founded | 2013-01-01 |
Location | Tboung Khmum |
Sector | Services |
Turnover | €11,617.69 |
Employees | 2 |
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