Nut Sarom
Sarom is now asking for a loan of EUR 5,750 to expand her restaurant and grow more income.
Il-proġett
Read the information document of the issuer here
Sarom, 37 years old, lives with her mother in the province of Prey Veng in Cambodia. Since 2010, she own a restaurant which has been doing pretty well ever since.
With this loan, she can take the next step and expand her restaurant. This investment enables her to attract more customers and increase her income.
Local partner Kredit provides this loan with a maturity of 42 months.
Phillip Bank
Impatt
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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