CambodiaSrey Han
With a loan of EUR 5,400 Han is able to purchase more pigs to earn an additional income.
€5,400
3.00%
24 months
6 months
EUR
Currency| Amount | €5,400 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Srey Han, 47, is married and lives with her husband in Kampong Cham province. To earn a living, she raises pigs to earn as a main income to support her standard living. Her husband is a farmer, growing rice since 1990 to earn a meager income. Mostly the rice output is enough to support the family, not selling for profit.
Mrs. Srey is asking for a loan to raise more pigs to earn an additional income, while the rest of the money is used to invest on the farm.
| Company name | Phillip Bank |
| CEO | Han Srey |
| Founded | 2011-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €20,994.59 |
| 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 Srey Han
Ron van EijkDirk Rentmeester