CambodiaDoun Narin
With EUR 13,200 Narin is able to dig a well and build a pond as a water supply for her farm.
€13,200
4.00%
36 months
6 months
EUR
Currency| Amount | €13,200 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. DOUN Narin is married and lives with her husband in Kampong Cham province. She and her husband are working together as farmers, growing 6 hectares of rubber plantation, one hectare of pepper plantation, and one hectare of durian and mangosteen, and all the plantation are able to make income to support the family.
Because the weather condition these part years has been difficult that is why Mrs. DOUN is asking for a loan to dig the well and pond as water supply. The rest of the loan is used to grow more pepper.
| Company name | Phillip Bank |
| CEO | Narin Doun |
| Founded | 2013-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €25,847.78 |
| Employees | 1 |
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
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We have already contributed to Doun Narin
Dirk RentmeesterPoul BrandsGert MosterdFrans Kuijpers