Hai Rayot
With EUR 4,400 Rayot is able to acquire new music instruments to be rented out to other bands.
€4,400
4.00%
36 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Mr. Rayot is 30 years old, lives with his wife in Kampong Cham province, Cambodia. He is a singer and has an instrument renting business since recently, while his wife is a factory worker.
Now he is asking for a loan with Kredit MFI to invest in his business. He would like to purchase music instruments for renting to other music band. With this loan he can be able to purchase a bass guitar, an electric guitar, a keyboard, a drummer.
The loan must be repaid in 36 months.
Company name | Phillip Bank |
CEO | Rayot Hai |
Founded | 2007-01-01 |
Location | Kampong Cham |
Sector | Services |
Turnover | €9,782.14 |
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