Chhe Neang
With a loan of EUR 2,550 Neang is able to buy a new copy machine for her business and increase profits.
€2,550
3.00%
24 months
6 months
EUR
CurrencyAmount | €2,550 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Read the information document of the issuer here
Neang is a 32 year old woman who lives in the province of Kampong Cham in Cambodia. Together with her husband, she owns a little printing shop since 2014.
With this loan she can purchase a new copy machine to meet her customers' demand and let her business grow as well as her income.
Local partner Kredit provides this loan with a maturity of 24 months.
Company name | Chhe Neang |
CEO | Neang Chhe |
Founded | 2014-01-01 |
Location | Kampong Cham Province |
Sector | Services |
Turnover | €14,834.18 |
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