CambodiaTuy Sivorn
With a loan of EUR 8,550 Sivorn can purchase a new car to transport goods for her business and increase income.
€8,550
3.25%
42 months
6 months
EUR
Currency| Amount | €8,550 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Sivorn is 46 years old and lives with her husband and two children in the province of Kampong Cham in Cambodia. They own a little restaurant where they cook rice, flame-grill pork and noodle soup to sell.
Since there are growth opportunities, she needs to replace the old car with a newer one. With this loan she can enlarge her business and increase income.
Local partner Kredit provides this loan with a maturity of 42 months.
| Company name | Phillip Bank |
| CEO | Sivorn Tuy |
| Founded | 2012-01-01 |
| Location | Kampong Cham Province |
| Sector | Manufacturing / Production |
| Turnover | €35,897.43 |
| 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 1 jobs are created
- With this investment 4 lives are improved
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We have already contributed to Tuy Sivorn
Piet van der KooiGerard de Jong