CambodiaSrey Chea
With a loan of EUR 6,200 Srey is able to construct an additional twenty rooms to rent and increase her income.
€6,200
4.00%
36 months
6 months
EUR
Currency| Amount | €6,200 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Chea Srey, 33, is married and lives in the Phnom Penh City of Cambodia. Her family income has been earn from room rental service. She has 20 rooms for rent.
In order to increase her profits, she is asking for a loan to construct 20 rooms for rent. She sees this investment will allow her to increase her family income.
| Company name | Phillip Bank |
| CEO | Srey Chea |
| Founded | 2003-01-01 |
| Location | Phnom Penh City |
| Sector | Services |
| Turnover | €12,850 |
| 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
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