With EUR 13,200 Nang is able to acquire 2 acres of additional land to grow cassave plants for her farm.
Mrs. Say Nang, 35, is married and lives with her husband and 3 young children in Kampong Cham province. She is a hard-working farmer who grow cassava on 4 hectares of farmland and rubber 3 hectares of farmland.The weather conditions have been difficult in Cambodia, and the price of rubber has been decreased for these past year which make some farmers are in bad condition.
However, the price of cassava and rubber will increase for upcoming year and she will get more income to support her family. She is now is requesting for a loan from KREDIT to purchase two hectares of cassava to earn an additional income.
|Company name||Say Nang|
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.
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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Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- With this investment 1 job is created
- With this investment 4 people are reached