Khan Heng
With EUR 17,600 Heng can purchase a tractor and seeds for growing cassava for the next season.
€17,600
3.00%
24 months
6 months
EUR
CurrencyAmount | €17,600 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. KHAN Heng, 54, is married and lives with her husband in Bantheay Meanchey province. She has five children and all of them are married. She has been working as a farmer with her husband since 2000 to earn a living. They have 10 hectares of cassava to grow every year. Her husband, Sun Phien, also works as a dealer, purchasing cassava to resell at Vietnam border.
Mrs. Heng is now requesting for a loan to purchase a tractor and the rest of the money is used to prepare for growing cassava for the next season. She believes that the tractor will not only help plow her farmland but also to rent out for an additional income to support her family.
Company name | Khan Heng |
CEO | Heng Khan |
Founded | 2000-01-01 |
Location | Bantheay Meanchey |
Sector | Agriculture |
Turnover | €172,385.84 |
Employees | 2 |
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.
- With this investment 1 job is created
- With this investment 4 lives are improved