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funding gap emerging markets
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Sot Sovorn

  • Phillip Bank
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  • With EUR 17,600 Sovorn can purchase a big tractor with his trading business as it will bring more profit.

    €17,600
    Importe
    4.00%
    Interés
    36 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€17,600
    Interés4.00%
    Vencimiento36 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 11 díasen 26 Mayo 2016.

      Resumen

      Mr. SOT Sovorn is married and lives with his wife and one young child in Bantheay Meanchey province. To earn a profit, he has been working part time as a translator for a private company, and also works as a tractor dealer, purchasing secondhand tractor for resell. He can actually resell his secondhand tractor 1-2 tractors every month. The dealer business is making more income to support his family. 

      He is now requesting for a loan to invest in his trading business. He wants to purchase a big tractor as it will bring more profit.

      Nombre de la empresaSot Sovorn
      Director generalSovorn Sot
      Fundado2015-01-01
      UbicaciónBantheay Meanchey
      SectorMayorista / Minorista
      Volumen de negocio€407,511.50
      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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