CambodiaOrn Sophea
Orn has decided to ask for her first loan of EUR 7,400 with Kredit to expand her capitals for purchase more materials for sell.
€7,400
3.25%
48 months
6 months
EUR
Currency| Amount | €7,400 |
| Interest | 3.25% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
A resident in Prey Veng province, Cambodia, Mrs. Orn Sophea, 37, who wear the green clothes set in the photo. She is a business woman and has been operating in her electrical and construction materials store to earn profits for support the family’s living for the past ten years. And her family income also aided by her husband who is a cow trader. During her business is getting well from day to day, she is now decided to ask for her first loan with Kredti to expand her capitals for purchase more materials for sell. She believes with this loan will help her to fulfill her customer needs also enlarge her business and increase her family income.
| Company name | Phillip Bank |
| CEO | Owner Sophea |
| Founded | 2008-01-01 |
| Location | Prey Veng |
| Sector | Wholesale / Retail |
| Turnover | €48,505.26 |
| 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 2 jobs are created
- With this investment 8 lives are improved
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We have already contributed to Orn Sophea
Peter ScheedlerMarlies Witteveen Annelies Braakman