CambodiaMa Chim
Ma Chim is requesting for a loan of EUR 6,200 to purchase one hectare of pepper plantation.
€6,200
3.00%
24 months
6 months
EUR
Currency| Amount | €6,200 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Ma Chim lives with two children in Kampong Cham province. She grows pepper on three hectares of farmland. Recently, the pepper plantation is making much more profit since the demand are from EU countries. There is no matter how much the product she has, the dealer are always buy all the pepper.
Since the pepper plantation is making more profit to support the family, she is requesting for a loan to purchase one hectare of pepper plantation to earn more income.
| Company name | Phillip Bank |
| CEO | Ma Chim |
| Founded | 2013-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €43,210.71 |
| 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 Ma Chim
Niek de BruijnElke KrekelsJan Hazejager