CambodiaSuos Naret
With this loan of EUR 8,800 Naret will be have enough capital to purchase one more store and more products for stock.
€8,800
4.00%
36 months
6 months
EUR
Currency| Amount | €8,800 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Sous Naret, 36, is a resident in the Phnom Penh City of Cambodia who lives with her husband and three children. She and her husband are working together as wholesalers and have been sold rice crusty and bakery to earn additional income to support the family. They purchase rice crusty and bakery and resell it to another sellers from the province.
Depend on customers demand, she is asking for a loan to increase her
capitals and expand her store. With this loan she will be have enough capital
to purchase one more store and more products for stock. She sees this
investments as a good opportunities to enlarge her business and increase her daily
income.
| Company name | Phillip Bank |
| CEO | Naret Suos |
| Founded | 2000-01-01 |
| Location | Phnom Penh City |
| Sector | Wholesale / Retail |
| Turnover | €92,678.57 |
| 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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We have already contributed to Suos Naret
Ron van EijkJan de WitDirk RentmeesterMenne Glas