Oem Cheng
With a loan of EUR 4,400 Oem is able to expand her pepper farm and earn more income.
€4,400
3.00%
12 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 3.00% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. Oem Cheng and her husband, Samit, are hard-working farmers, growing pepper, rubber, and rice to earn a living as main income to support her family. The weather conditions have been difficult in Cambodia, and the price of rubber has been decreased for these past year which make some farmers in bad condition.
However, the price of pepper remain good and Cheng wants to expand her pepper plantation that is why she is asking for a loan from KREDIT to grow more pepper. she sees this investment as a good opportunity to earn more income.
Company name | Oem Cheng |
CEO | Oem Cheng |
Founded | 2007-01-01 |
Location | Memot |
Sector | Agriculture |
Turnover | €19,457.14 |
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