With a loan of EUR 6,200 Men is able to purchase farming materials and fertilizer to grow more pepper.
Mrs. Men Solon, 40, is a farmer who lives with her husband and
three children in the Tboung Khmum Province of Cambodia. She and her husband
have been growing pepper as their main source of income since 2010. In the
first year, they grown pepper from 100 to 200 poles and now there are 2500
poles on their farm.
Since the price of pepper are increase, she is now asking for a loan of 7000USD to purchase farming materials to grow more pepper and the rest of the loan will use to purchase fertilizer for their pepper. She believes this loan will allow her to boost her crop yields and increase her family income.
|Company name||Men Solon|
|Location||Tboung Khmum Province|
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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- With this investment 2 jobs are created
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