CambodiaKim Lay
With a loan of EUR 5,100 Lay can buy a new coffee machines for his coffee shop in Phnom Penh city.
€5,100
3.25%
42 months
6 months
EUR
Currency| Amount | €5,100 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Lay appears is 31 years old and lives with his wife and children in Phnom Penh city, Cambodia. Together they own a coffee shop.
With the loan they can pay for new coffee brewing machines. He thinks this purchase will moderate his business and meet his customers’ expectations.
Local partner Kredit provides this loan with a maturity of 42 months.
| Company name | Phillip Bank |
| CEO | Lay Kim |
| Founded | 2016-01-01 |
| Location | Phnom Penh |
| Sector | Services |
| Turnover | €15,254.23 |
| Employees | 8 |
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 Kim Lay
Maarten Pijnenburg