CambodiaTruy Naruon
With a loan of EUR 5,850 Naruon is able to open a food store and support her family's living.
€5,850
3.25%
48 months
6 months
EUR
Currency| Amount | €5,850 |
| Interest | 3.25% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Naruon is 39 years old and lives with her husband and children in the province of Kampong Cham in Cambodia. Since 2013, her family has been supported by her husband, who works as employee in a hotel.
With this loan she can help her husband and family by opening a food store. This investment enables her to make this possible. She will use this loan to create more money to support her family and especially to help her children to get better quality education.
Local partner Kredit provides this loan with a maturity of 48 months.
| Company name | Phillip Bank |
| CEO | Naruon Truy |
| Founded | 2013-01-01 |
| Location | Kampong Cham Province |
| Sector | Services |
| Turnover | €11,283.33 |
| 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 2 lives are improved
- With this investment 1 jobs are created
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We have already contributed to Truy Naruon
Gert BaasMarc Sierink