CambodiaCheu Lihorng
With EUR 18,600 Lihorng is able to stock up lots of cassave in order to sell at the Vietnamese border.
€18,600
4.00%
36 months
6 months
EUR
Currency| Amount | €18,600 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. CHEU Lihorng, 46, is married and lives with her husband and two children in Kratie province. She is a farmer who grow 5 hectares of cassava and one hectare of rubber. the rubber plantation is just for 3 years old, and it will provide income in two years. She also works as a dealer who go to buy cassava from villagers to resell at Vietnam border. From her warehouse, she is usually purchase cassava from small dealers from 5-10 tone each day. Try cassava usually around USD 20 cents per kilogram to resell at Vietnam border, and they use their own truck to transport. Every month, they can transport from 5-8 times which each transportation the truck can load about 30 tones. The dealer business is going very well and make more income to support the family. The only reason they face is that there are many local dealers who compete with the price.
Mrs. CHEU and her husband are requesting for a loan so that they both can reserve to increase a stock of their cassava for resell.
| Company name | Phillip Bank |
| CEO | Cheu Lihorng |
| Founded | 2012-01-01 |
| Location | Kratie |
| Sector | Agriculture |
| Turnover | €946,470.79 |
| 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 2 jobs are created
- With this investment 8 lives are improved
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 to Cheu Lihorng
Eric BaxGioberto BalingeRob de JongRon van Eijk