CambodiaKoy Dy
With a loan of EUR 6,200 Dy is able to grow more pepper and increase her income significantly.
€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. Koy Dy, 22, is married and lives with her husband, pictured from pepper farmland, and one young child in Kampong Cham province. Together with her husband are farmers, growing pepper to earn as a main income to support their family. Mrs. Koy started growing pepper since 2013, and at that time she was able to grow only 100-200 pepper plantations. So far, her family is able to grow up to 1,500 pepper plantations. The pepper plantation is making much more profit since the demand are from EU countries. There is no matter how much the product they have, the dealer are always buy all the pepper.
She is now is asking for a loan to grow more pepper as she sees this business opportunity as a way to increase her income and provides a higher standard of living for her family.
| Company name | Phillip Bank |
| CEO | Dy Koy |
| Founded | 2013-01-01 |
| Location | Memot |
| Sector | Agriculture |
| Turnover | €21,286.48 |
| 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 2 jobs are created
- With this investment 8 lives are improved
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We have already contributed to Koy Dy
Hans BierhuisCasper RoosMarlies Witteveen Martijn KistemakerHenk Enserink