Heng Nary
Nary is now asking for a loan of EUR 8,150 which enables her to purchase a new tractor and improve her business.
€8,150
3.25%
48 months
6 months
EUR
CurrencyAmount | €8,150 |
Interest | 3.25% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
The project
Read the information document of the issuer here
Nary is a married woman who lives in the province of Tbong Khmum in Cambodia. She and her husband (see picture) work together in their transporting business for 16 years now. They transport soil from farmers to support the family’s living.
With this loan she can purchase a new tractor. This investment is a good opportunity to improve her business and increase her family income.
Local partner Kredit provides this loan with a maturity of 48 months.
Company name | Phillip Bank |
CEO | Nary Heng |
Founded | 2000-01-01 |
Location | Tbong Khmum province |
Sector | Services |
Turnover | €21,495.93 |
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