Samel Sang
With a loan of EUR 4,200 Samel will be able to expand his company and buy more products to recyle.
€4,200
3.25%
36 months
6 months
EUR
CurrencyAmount | €4,200 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
A resident in the Kampong Cham province of Cambodia, Mr. Sang Samel, 37 years old. For the past ten years, he has been earning income from buying and sell recycling products. And his family income also aided by his wife who is a rice farmer.
Since his business is going well, he is now asking for a loan to expand his capital to purchase recycle products. He is confident that with this capital will allow him to gain more profits and better support his family living.
Local partner Kredit will provide the loan.
Company name | Samel Sang |
CEO | Samel Sang |
Founded | 2007-01-01 |
Location | Kampong Cham |
Sector | Wholesale / Retail |
Turnover | €13,313.79 |
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