Cheam Chhayny
Cheam is asking for a loan of EUR 6,200 to expand her grocery store and to grow cassava for the next season.
€6,200
3.25%
36 months
6 months
EUR
CurrencyAmount | €6,200 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Cheam Chhayny is married and lives with her husband and one child in Kampong Cham province. To earn a living, she opens and sells variety of groceries from her home. Her husband is a farmer, and he grows cassava.
He also owns a tractor which he service to plow farmland for an additional income to support the family.
Cheam is asking for a loan to expand her grocery store and to grow cassava for the next season.
Company name | Phillip Bank |
CEO | Cheam Chhayny |
Founded | 2012-01-01 |
Location | Baray |
Sector | Wholesale / Retail |
Turnover | €38,571.42 |
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 2 jobs are created
- With this investment 8 lives are improved