CambodiaPhat Phoeun
With EUR 8,800 Phoeun is able to dig a well and build a pond for her pepper farm to cope with severe drought.
€8,800
3.00%
24 months
6 months
EUR
Currency| Amount | €8,800 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Phat Phoeun is married and lives with two children in the Tboung Khmum Province of Cambodia. She is a farmer, and she has been growing pepper to earn additional income for ten years. Her family is also supported by her husband, Kang Sokha, 51, who is a construction foreman.
Because the weather condition these past years has been difficult that is why Mrs. Phoeun is asking for a loan of 10,000 USD to dig the well and pond as water supply for the pepper plantation. The rest of the loan is used to grow more pepper. She is confident that this loan will be allow to boost her crop yields and increase her income.
The loan must be repaid in 24 months.
| Company name | Phillip Bank |
| CEO | Phat Phoeun |
| Founded | 2006-01-01 |
| Location | Tboung Khmum |
| Sector | Agriculture |
| Turnover | €34,146.42 |
| 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
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
We have already contributed to Phat Phoeun
Martijn KistemakerRon van EijkHajé van EgmondCasper RoosErwin Meijer