CambodiaLonh The
The would like to request a loan of EUR 4,400 to purchase a mini truck for her husband to transport hay.
€4,400
4.00%
36 months
6 months
EUR
Currency| Amount | €4,400 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. LONH THE is married and lives with her husband and two school aged children in Kampong Cham province. To earn a living, she has been working as a farmer since 2006, growing rice in raining season and dry season. Her husband is collecting and selling hay.
To earn an additional income to help support the family, she would like to request for a loan to purchase a mini truck for her husband to transport hay for resell.
| Company name | Phillip Bank |
| CEO | The Lonh |
| Founded | 2006-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €30,084.95 |
| 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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