With a loan of EUR 2,550 Sreymach is able to purchase rice seeds, fertilizer and pesticides to increase her crop yields.
Read the information document of the issuer here
Sreymach is 35 years old. She is married and living with her beloved husband and children in the village in Kampong Cham province of Cambodia. She and her husband are farmers and have been cultivating rice and raises ducks to makes profits for support the family’s living since 2013. And she also working as a tailor for additional income.
Because of the weather conditions has been difficult for farming, she is now decided to applying for a loan to purchase rice seeds, organic fertilizer and organic pesticide for this growing season. And the rest of the loan she will use to purchase duck feeds. She believes with this loan will allow her to cultivating rice 2-3 time per years both rainy and dry season to increase her crop yields and as well as her family profits.
Local partner Kredit provides the loan, which has to be repaid in 24 months.
|Company name||Man Sreymach|
|Location||Kampong Cham 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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