Choem Chanmakara
Choem is now asking for a loan of EUR 6,450 to purchase a new car for her husband’s busines and replace the old one.
€6,450
3.25%
42 months
6 months
EUR
CurrencyAmount | €6,450 |
Interest | 3.25% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. CHOEM Chanmakara appears in the photo. She is married and has four children, living in the Kampong Cham province of Cambodia. To support the family’s living expenses, she has been working as a garment factory worker and her husband is a taxi driver.
Base on the competition in the market, she is now asking for a loan to purchase a new car for her husband’s business. She sees this purchase will help her to replace the old one and attracted new customers.
Local partner Kredit will provide the loan.
Company name | Phillip Bank |
CEO | Chanmakara Choem |
Founded | 2014-01-01 |
Location | Kampong Cham Province |
Sector | Services |
Turnover | €12,096.77 |
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 jobs are created
- With this investment 4 lives are improved