Kuon is now requesting for a loan of EUR 9,000 to purchase 8 hectares of farmland to grow cassava.
Kuon Sreypun is married and lives with her husband in Kampong Cham province. She is a true entrepreneur, selling variety of cosmetic products. Her business has been about for 5 years. She is usually set a very low profit margin to maintain her customers. She is also distribute cosmetics to small local sellers.
She is now requesting for a loan to purchase 8 hectares of farmland to grow cassava. She believes that this investment would bring more income to improve her living standard.
|Company name||Kuon Sreypun|
|Sector||Wholesale / Retail|
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 3 jobs are created
- With this investment 12 people are reached