Mom
With a loan of EUR 13,200 Sivdean will be able to procure extra gold of which her husband can make jewelry.
Verkefnið
Mrs. MOM Sivdean, pictured from jewelry shop, is married and lives with her husband and five children in Preah Sihanouk province. She open a jewelry shop from the local market, while her husband is a goldsmith. She has been selling gold for about for four years, and jewelry business making more profit to support her family. She is now request for a loan to expand her business by buying more gold for her husband so that he can make more necklace, ring, and more for her to sell at the market.
Phillip Bank
Áhrif
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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