funding gap emerging markets
Cambodia

Sim Chakriya

  • Phillip Bank
  • Local partner investment
  • + 3 other investors
  • With a loan of 4.400 euro Sim will be able to grow more rice and increase her income.

    €4,400
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 22 hours on 24 May 2017.
      Choose amount
      Invest from €50
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Sim (see picture), is 35 and lives with her husband and two children in the village in Kampong Cham province of Cambodia. Since 2015, she and her husband are farmers and have been operating in the rice farm to earn income for support the living. 

      In order to increase her crop yields, she is now asking for a loan to cultivating rice in this dry season. She thinks this cultivation will help her to increase her profits and as well as her family living standard.

      Local partner Kredit will provide this loan. 

      Company nameSim Chakriya
      CEOSim Chakriya
      Founded2015-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€18,018.01
      Employees2

      Impact

      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.

       

      Related blog articles

      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

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.