Chork Samon
With a loan of EUR 8,350 Samon will be able to expand the business capitals, purchasing motorcycles to increase stocks.
€8,350
3.25%
48 months
6 months
EUR
CurrencyAmount | €8,350 |
Interest | 3.25% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
The project
Read the information document of the issuer here
Samon, 39, is a married mother of six children whom living in the Kampong Cham province of Cambodia. She and her husband operating a business together where they sells motorcycles to make a living since 2013.
Samon is now asking for a loan to expand her business capitals, purchasing motorcycles to increase stocks. And the rest of the loan she is going to purchasing clothes and shoes for a new business.
She thinks with this investment will help her to increase her selling to better support her family’s living.
Company name | Phillip Bank |
CEO | Samon Chork |
Founded | 2013-01-01 |
Location | Kampong Cham Province |
Sector | Wholesale / Retail |
Turnover | €15,833.33 |
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 2 lives are improved
- With this investment 1 jobs are created