With a loan of EUR 5,250 Kim is able to purchase ducks and expand her business of selling duck eggs.
Read the information document of the issuer here
Kim, 49, is married and lives in the Kampong Cham province with her three children. She and her husband (seen in the picture) work together in the farm, they cultivate rice and cashewnuts for the past 20 years. Now she would like to breed ducks to sell them and their eggs for a profit.
With this loan, Kim can purchase some ducks. She sees this loan as a good economic decision and believes she can both increase her income and raise her standard of living with the purchases.
Local partner Kredit provides the loan, which has to be repaid in 36 months.
|Company name||Tor Kim|
|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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- With this investment 1 job is created
- With this investment 4 people are reached