funding gap emerging markets
Cambodia

Chhon Chihor

  • Phillip Bank
  • Local partner investment
  • + 18 other investors
  • Chihor is now asking for a loan of EUR 5,500 to purchase one more hectare of farmland to grow more pineapples.

    €5,500
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,500
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 hours on 16 November 2017.
      Choose amount
      Invest from €50
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Read the information document of the issuer here

      As a widowed women, Mrs. CHHON Chihor, who living with four school aged children in the Kampong Cham province of Cambodia. Chihor is a hardworking woman and needs to work alone to fund her children needs. Before she grown walnut and corn to sell. Then the price of walnut and corn was decrease and she get less on the profits. So in 2012, she decided replace the walnut and corn to grown pineapples and cashew. Since she grown pineapple and cashew, she get more profits and better support her family funds.

      In order to expand her business, she is now asking for a loan to purchase one more hectare of farmland to grow more pineapples. She sees this purchase will allow her to fulfill her customers’ needs and as well as increase her family profits.

      Company nameChhon Chihor
      CEOChihor Chhon
      Founded2012-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€17,328.81
      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 jobs are 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.

      We have already contributed for Chhon Chihor

      Jan de Wit
      Niek de Bruijn
      Piet van der Kooi
      + and another
      18
      investors