Sorn Yorn
Yorn is now asking for a loan of EUR 6,350 to purchase a car for transportation purpose in her business.
€6,350
3.25%
42 months
6 months
EUR
CurrencyAmount | €6,350 |
Interest | 3.25% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
Summary
Read the information document of the issuer here
Mrs. SORN Yorn is a 32 years old women. She is married and living with her husband and two children in the village in Prey Veng province of Cambodia. For support the daily living, she and her husband operates in the business as grocery whole sellers for profits. Since the business is going well, she is now asking for a loan with Kredit to purchase a car for transportation purpose in her business. She sees with this loan is a good opportunities to better support her business and increase her family profits as well.
Company name | Sorn Yorn |
CEO | Yorn Sorn |
Founded | 2007-01-01 |
Location | Prey Veng |
Sector | Wholesale / Retail |
Turnover | €14,871.18 |
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 1 jobs are created
- With this investment 4 lives are improved