Mao
With a loan of EUR 10,600 Mao is to expand both her clothing store and her food selling business.
Verkefnið
Mrs. MAO Kak is married and lives with her husband in Phnom Penh city. She is a true entrepreneur, selling fermented fishes, dry fishes, vegetables, and clothes in the local market, and the business has been running very well to support her family. She actually has two stores, and a clothes store is manage by herself. Her husband has business transports secondhand clothes from a trailer attached with motorcycle to sell in the commune. The business is usually going around where there are construction workers building house and along car garage. Those people are usually prefer secondhand clothes as its price is reasonable. Mrs. MAO is asking for a loan to reinvest her business selling clothes and foods. She will purchase more clothes to sell and put some money to expand her food store.
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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