CambodiaRem Chanthon
With a loan of EUR 4,400 Chanthon is able to purchase a sewing machine to expand her tailoring shop.
€4,400
3.25%
36 months
6 months
EUR
Currency| Amount | €4,400 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Ms. Rem Chanthon is a professional tailor and opens a tailoring shop from home. This business is about for 4 years and most of her customers are students and people in the village. With this business, she is able to hire 9 part time female staff to help her business.
She is now asking for a loan to purchase a sewing machine and fabric to expand her business.
| Company name | Phillip Bank |
| CEO | Chanthon Rem |
| Founded | 2014-01-01 |
| Location | Phnom Penh |
| Sector | Services |
| Turnover | €13,636.36 |
| Employees | 4 |
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