With a loan of EUR 4,400 Dom is able to purchase more land and a water pump to increase her crop yield.
Dom Savet, 48, is married and has four children who resides in the Tbong Khmum province of Cambodia. She and her husband have been earning income from agriculture activities such as growing rice, cassava, vegetable, and raising animals for support the family living. Due to a shortage of finance, she is now asking for a loan to add more farmland and a water pump. She sees that this purchase will allow her to increase her profits and better support her family living.
Local partner Kredit will provide this loan.
|Company name||Dom Savet|
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