CambodiaVan Radong
Van and his wife are requesting for a loan of EUR 6,400 to purchase equipment and to renovate and decor their restaurant.
€6,400
3.25%
36 months
6 months
EUR
Currency| Amount | €6,400 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Van Radong is married and lives with his wife in Siem Reap city. To earn a living, Radong opens a small restaurant selling soup, meats, and beers.
This business has been running for about four years, with two employments. Radong and her husband believes that they are able to increase their income after reinvestment.
To support the demand, he and his wife are requesting for a loan from KREDIT to purchase two televisions, refrigerators, cooler, enlarge beverage stock so that they have special discount, and to renovate and decor their restaurant.
| Company name | Phillip Bank |
| CEO | Van Radong |
| Founded | 2012-01-01 |
| Location | Siem Reap |
| Sector | Services |
| Turnover | €19,626.16 |
| Employees | 2 |
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