CambodiaOeurn Ram
Oeurn is asking for a loan of EUR 4,400 to purchase fertilizer and invest in her pepper plantation.
€4,400
3.00%
12 months
6 months
EUR
Currency| Amount | €4,400 |
| Interest | 3.00% |
| Maturity | 12 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Oeurn Ram, 30, is married and lives with her husband and three children in the Memot district, Cambodia. She and her husband have been working as farmers, growing pepper and raise animals for sell to earn income to support her family living for more than ten years. Two of her children are workers, while two other are attend school.
The weather condition in Cambodia have been difficult for farming, Mrs. Oeurn included. In light of this difficulties, she is asking for a loan to purchase fertilizer and invest in her pepper plantation. She sees this business opportunity as a way to increase her income and to provide a higher standard of living for her family.
| Company name | Phillip Bank |
| CEO | Oeurn Ram |
| Founded | 2006-01-01 |
| Location | Memot |
| Sector | Agriculture |
| Turnover | €45,405.40 |
| 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
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