CambodiaSo Sambat
Sambat is asking for EUR 3,550 to expand her husband’s business by purchasing a new truck for transportation service.
€3,550
3.00%
24 months
6 months
EUR
Currency| Amount | €3,550 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
SO Sambat, 36, is married and lives with her husband and only one children in Prey Veng province, Cambodia. She is a housewife and taking care her child at home. Meanwhile her husband runs a small business as a transportations service since 2010. Her husband has been transporting construction materials from Phnom Penh to every province in Cambodia for fees. Most of customer are satisfies their service provider since the price is reasonable with high responsibilities.
Now she is asking for a loan to expand her husband’s business by purchasing a new truck for transportation service. She sees these investments as opportunities that will be able to increase her family income.
| Company name | Phillip Bank |
| CEO | Sambat So |
| Founded | 2010-01-01 |
| Location | Prey Veng |
| Sector | Services |
| Turnover | €16,183.05 |
| Employees | 5 |
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 So Sambat
Niek de BruijnPiet van der Kooi