funding gap emerging markets
Cambodia

Chim Savat

  • Phillip Bank
  • Local partner investment
  • + 19 other investors
  • With a loan of EUR 8,800 Savat will be able to build 10 rooms more for rent so she can increase her income..

    €8,800
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 6 September 2016.
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      Summary

      Chim Savat is 61 years old. She is a widowed who lives in the Phnom Penh City of Cambodia with her two children. She has been earn income from rental business and selling groceries, she has 30 rooms for rent.


      Since this business make a lot of profits, she is asking for a loan to invest in her business. She would like to build 10 rooms more for rent. She sees this investment will allow her to increase her income and to raise her standard of living.

      Company nameChim Savat
      CEOSavat Chim
      Founded2004-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€19,435.71
      Employees1

      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 1 job is created
      • With this investment 4 people are reached

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      We have already contributed for Chim Savat

      Menne Glas
      Robert Schellekens
      Annelies Braakman
      + and another
      19
      investors