Sous Sreymao
With a loan of EUR 4,400 Sreymao is able to expand her business in chicken snacks to meet the rising demand.
€4,400
3.00%
12 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 3.00% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
Summary
Sous Sreymao, has four children and lives in the Phnom Penh city Cambodia with her husband. She and her husband have been working as snack sellers (fried chicken thighs and chicken wings) for two years. Every morning, she orders chickens thighs and chicken wings from the local market to sell at the evening.
Since this business has been earning a lot to support her family, she is now requesting for a loan from Kredit MFI to increase her daily selling. She believes that the expansion of the business will bring more income.
The loan must be repaid in 12 months.
Company name | Sous Sreymao |
CEO | Sous Sreymao |
Founded | 2015-01-01 |
Location | Phnom Penh |
Sector | Wholesale / Retail |
Turnover | €46,875 |
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