CambodiaKev Sry
Kev Sry would like a loan of EUR 4,400 to purchase construction material to invest in her husband business.
€4,400
3.00%
24 months
6 months
EUR
Currency| Amount | €4,400 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Kev Sry is married and lives with two young children and her husband in the Phnom Penh city. To earn a living, she sells construction materials, while her husband, Sok Hay, is a construction foreman.
Sok Hay has been a foreman for more than 10 years, and he usually provide his service by contract for a small construction, building house. Sometimes the contract is only for the labor, it means that the house owner is responsible for the construction materials.
However, sometimes the contract can be both labor and construction materials cost. With the construction material contract, he is able to earn more than only the labor service. Kev Sry would like a loan to purchase construction material to invest in her husband business.
| Company name | Phillip Bank |
| CEO | Kev Sry |
| Founded | 2009-01-01 |
| Location | Phnom Penh |
| Sector | Wholesale / Retail |
| Turnover | €34,909.09 |
| Employees | 10 |
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 Kev Sry
Frank Fekken