Sary Khut
With EUR 7,000 the children of Sary are able to expand their grocery business and increase the family income.
€7,000
4.00%
36 months
6 months
EUR
CurrencyAmount | €7,000 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. Khut Sary, 52, is married and has 8 children, four are student and four are employed in Kampong Cham province. To earn a living, her husband works as a plumber and electrician, while his wife is a farmer to earn a meager income. This family is also aided by two children who open a grocery store in Phnom Penh city in front of garment factory.
Sary is now requesting for a loan to expand her children's grocery business to earn more income to support the family. She hopes that this investment would bring more income to improve family standard of living.
Company name | Sary Khut |
CEO | Sary Khut |
Founded | 2016-01-01 |
Location | Prey Chor |
Sector | Agriculture |
Turnover | €69,642.85 |
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 2 jobs are created
- With this investment 8 lives are improved