CambodiaChhim Ean
Mrs. Chhim is now requesting for a loan of EUR 4,400 to start growing cassava on her two hectares.
€4,400
3.00%
24 months
6 months
EUR
Currency| Amount | €4,400 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Chhim Ean lives with one of her son who is married in Kampong Cham province. To earn a profit, she opens a store selling gas and pig foods. Every day, she is able to sell about 50kg-100kg of pig foods. She also has two hectares of farmland to grow cassava.
Mrs. Chhim is now requesting for a loan to start growing cassava on her two hectares.
| Company name | Phillip Bank |
| CEO | Chhim Ean |
| Founded | 2013-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €7,500 |
| 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
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 Chhim Ean
Niek de Bruijn