Phillip Bank 3 (KREDIT Cambodia)
With a loan of EUR 63,500 Phillip Bank will be able to provide 6 farmers in Cambodia with capital, so they can purchase tractors, animals and land.
Given the current situation regarding COVID-19, there is increased uncertainty. Although Phillip Bank is in good shape and agreements have only recently been made with regard to interest and maturities, it is wise to be careful with your investments.
Phillip Bank Plc is a member of PhillipCapital, an integrated Asian financial house based in Singapore, but operational in 15 countries, including offices in Australia, Cambodia, China (and Hong Kong SAR), France, India, Indonesia, Japan, Malaysia, Singapore, Thailand, Turkey, UK, UAE, USA and Vietnam.
Phillip Bank Plc commenced business in Cambodia in 2009. In 2019, they merged with Lendahand's partner Kredit (an MFI focused providing financial services and training to low-income earners).
With this investment Phillip Bank can provide loans to 6 farmers in Cambodia:
Khom is a farmer at Takeo Province of Cambodia. She and her husband have been working as farmers, growing cashew nuts and cassava since 1996 to make income for her family. She would like a loan to expand her farm. Khom is asking for a loan of US$15,000 to purchase a tractor, a purchase that she sees as a good opportunity to increase her family income.
Sieklim, is a married mother and lives with her husband and three children in Kampong Cham province. She and her husband have been working as farmers, growing cashew nuts and cassava since 1996 to make an income for her family. She would like a loan to expand her farm. Sieklim is asking for a loan of US$10,000 to purchase farmland, a purchase that she sees as a good opportunity to increase her family income.
Chanthan has been working as a farmer, growing cashew nuts and cassava for 20 years to make an income for her family. She would like a loan to expand her farm. Chanthan is asking for a loan of US$10,000 to purchase farmland, a purchase that she sees as a good opportunity to increase her family income.
Eng Sydun is a famer at Kampong Cham Province of Cambodia. She has asked a fund to buy more animals, chickens, ducks and cows to raise her income.
Thiv Sokha is working as a farmer of animals at Kampong Cham Province of Cambodia. Sokha has been working hard to get a successful life. Sokha wishes to increase her profits and get greater profits, so she asked for a fund to buy more animals.
Se Nan is working as a farmer of animals at Kampong Cham Province of Cambodia. Sokha wishes to increase her income, so she has asked for a fund to buy more animals.
|Company name||Phillip Bank 3 (KREDIT Cambodia)|
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.
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 2 jobs are created
- With this investment 65 people are reached