Nuon Channo
With a loan of EUR 4,300 Channo can purchase new materials for her husbands business and increase the family income.
€4,300
3.25%
48 months
6 months
EUR
CurrencyAmount | €4,300 |
Interest | 3.25% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
Summary
Read the information document of the issuer here
Channo, a 31 year old female, works as a tailor and lives in a village in the province of Kampong Cham in Cambodia together with her husband and two children. Her husband owns a business in providing hoisting services.
With this loan, Channo can buy an extra car and more hoisting materials for her husband’s business. These purchases will help her to expand her husband business to attract more customers and increase family income.
Local partner Kredit provides this loan with a maturity of 48 months.
Company name | Nuon Channo |
CEO | Channo Nuon |
Founded | 2014-01-01 |
Location | Kampong Cham Province |
Sector | Services |
Turnover | €11,525.42 |
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