With a loan of EUR 4,850 Khon is able to purchase more cashew to cultivate on her farmland and increase her income.
Read the information document of the issuer here
Khon is married and lives in the province of Kampong Cham in Cambodia. She and her husband have been working together on their farmland, cultivating rice and cashew to sell.
In order to increase her business, Khon is now asking for a loan to purchase more cashew to grow. This investment will allow her to meet her customers demand and better support her family.
Local partner Kredit provides this loan with a maturity of 24 months.
|Company name||Leab Khon|
|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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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 2 people are reached