Ol Barang

With a loan of EUR 13,200 Barang is able to expand the stock of mini van parts to sell in the garage store.

funding gap emerging markets

Le projet

Mr. OL Barang is married and lives with this wife in Pailin province. He is a taxi driver from Pailin province to Phnom Penh city. He has been running this business for about 3 years to earn a living to support his family. His wife is a true entrepreneur, selling car spare part. She usually supply the min-van (15 seats) and a small truck spare part. The spare part is supply from provincial market and Phnom Penh market where most of wholesaler always go to fill their stock. 

Mr. OL would like to request for a loan to increase a stock of car spare part in bulk so that for his wife.

Phillip Bank

PDG
Barang Ol
Création
2014-01-01
Lieu
Pailin
Secteur
Services
Chiffre d'affaires
€107 787,61
Employés
3
€13 200collecté
Entièrement financée en 9 jours sur 24 Mai 2016.
20investisseurs
Investir dans la microfinance
€13 200
Objectif
4.0
%
Intérêt
36
mois
Maturité
6
mois
Remboursements
A
B
C
D
E
Cote de crédit

Impact

1
Emplois créés
4
Vies améliorées

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.