Yat Sokkheam
With a loan of EUR 9,400 Sokkheam is able to buy groceries in bulk to distribute to small sellers.
€9,400
3.25%
42 months
6 months
EUR
CurrencyAmount | €9,400 |
Interest | 3.25% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
Summary
Yat Sokkheam is married and lives with her husband in Kampong Cham province. To earn a living, she has been running a grocery store from home and selling sugar cane juice for about 5 years to earn as main income. Her husband is an excavator driver.
Sokkheam is now asking for a loan to purchase groceries in bulk to have special discount and distribute to small sellers.
Company name | Yat Sokkheam |
CEO | Sokkheam Yat |
Founded | 2014-01-01 |
Location | Kampong Cham |
Sector | Wholesale / Retail |
Turnover | €26,415.09 |
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 3 jobs are created
- With this investment 12 lives are improved