CambodiaSan Sokhom
With EUR 4,600 Sokhom is able to expand the type of car parts for her garage and repair more cars.
€4,600
4.00%
36 months
6 months
EUR
Currency| Amount | €4,600 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. San Sokhom is married and lives with her husband in Siem Reap province, Her husband, Mith Sophal, runs a small car garage from his home to service people around his village since 2013. Before owning this car garage, her husband used to work for another as a car repairman for three years.
Now she is asking for a loan to expand her husband's car garage by buying more car parts. She sees these investments as opportunities that will be able to increase her daily income.
Lendahand will provide a loan together with local partner KREDIT that must be repaid in 36 months.
| Company name | Phillip Bank |
| CEO | Sokhom San |
| Founded | 2013-01-01 |
| Location | Kralanch |
| Sector | Agriculture |
| Turnover | €9,459.45 |
| 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
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