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funding gap emerging markets
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Pen Sambo

  • Phillip Bank
  • Invierte en una Institución Financiera
  • + otros 7 inversores
  • With a loan of EUR 11,400 Pen can purchase a minivan so that he is no longer hiring from the company.

    €11,400
    Importe
    4.00%
    Interés
    36 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€11,400
    Interés4.00%
    Vencimiento36 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 11 horasen 8 Abril 2016.

      Resumen

      Pen Sambo is married and lives with his wife and three students children in Kampong Chhnang province. To earn a living, he rent a 15 seats minivan from the company to run a taxi driver. He usually transport vegetables, foods, and clothing from Vietnam and Thailand borders.

      Beside transportation service, he can purchase some clothing from both Vietnam and Thailand for his wife business at the local market.

      Seeing a good opportunity from having his own van, he is requesting for a loan from KREDIT including with his own saving to purchase a minivan so that he is no longer hiring from the company to have an additional income from his current job.

      Nombre de la empresaPen Sambo
      Director generalPen Sambo
      Fundado2010-01-01
      UbicaciónKampong Chhnang
      SectorServicios
      Volumen de negocio€48,315.78
      Empleados1

      Impacto

      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.

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