CHEA Sodavy

Chea is now requesting for a loan of EUR 8,800 to expand her grocery shop to meet her customer's demand.

funding gap emerging markets
Phillip Bank
Company
Cambodia
Country

The project

Mrs. CHEA Sodavy is a true entrepreneur, selling variety grocery products from her home. She has been selling for about for 3 years to earn a living and the business is making a good income to support the family. She also work as a sale agent for E-Money Company. This company has a service transfer money from its agent shop to another agent shop. She can earns some income when customer come to transfer money from her booth.

She is now requesting for a loan to expand her grocery shop to meet her customer's demand.

Phillip Bank

CEO
Chea Sodavy
Founded
2013-01-01
Location
Phnom Penh
Sector
Wholesale / Retail
Turnover
€72,477.87
Employees
1
€8,800raised
Fully funded in 9 days on 17 August 2016.
20investors
Invest in microfinance
€8,800
target
4.0
%
Interest
36
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved

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.