Khemra Khim
With a loan of EUR 9,000 Khmera is able to purchase a truck to rent out for additional income.
Projekt
Khim Khemra is married and lives with his wife in Phnom Penh city. He works as a driver transporting garment factory workers from the factory to their home. He has mini truck to transport and each garment factory worker he charges 10 USD monthly. He usually transport around 30-40 garment factory workers.
He is now asking for a loan to purchase a truck to rent out for an additional income. This truck is to rent to the private company, and he hope to receive 500 USD monthly.
Phillip Bank
Utjecaj
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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