Kak Sreng
With a loan of EUR 2,550 Sreng is able to sell more products at her groceries story and enlarge her business.
€2,550
3.25%
36 meses
6 meses
EUR
MonedaImporte | €2,550 |
Interés | 3.25% |
Vencimiento | 36 meses |
Reembolsos | 6 meses |
Moneda | EUR |
El proyecto
Read the information document of the issuer here
Sreng is a 50 year old, married woman who lives in the provice of Prey Veng together with her husband and two children. She and her husband are working at the grocery store and rice farm they own since 2015.
With this loan she can add groceries to her store and improve her rice cultivation. Therefore her income will grow and she is able to pay for her children's school fees.
Local partner Kredit provides this loan with a maturity of 36 months.
Nombre de la empresa | Phillip Bank |
Director general | Sreng Kak |
Fundado | 2015-01-01 |
Ubicación | Prey Veng |
Sector | Mayorista / Minorista |
Volumen de negocio | €12,988.03 |
Empleados | 3 |
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.
- Con esta inversión se crean 1 puestos de trabajo
- Con esta inversión se mejoran 4 vidas