CambodiaSien Khen
With a loan of EUR 2,550 Khen is able to enlarge her grocery shop by adding more products to the assortment.
€2,550
3.25%
36 months
6 months
EUR
Currency| Amount | €2,550 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Khen is a 54 years old, married woman. She own a grocery shop in the province Kampong Cham in Cambodia. Her husband works as a safety guard and fisherman.
With this loan, she can add more products to her store. This loan will help her to enlarge her business and increase her family income.
Local partner Kredit provides this loan with a maturity of 38 months.
| Company name | Phillip Bank |
| CEO | Khen Sien |
| Founded | 2014-01-01 |
| Location | Kampong Cham Province |
| Sector | Wholesale / Retail |
| Turnover | €12,288.13 |
| 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 Sien Khen
Piet van der KooiFrank Fekken