Vann Vuochtinh
With a loan of EUR 4,400 Vann and her husband can purchase one hectare of farmland to grow more cashew.
€4,400
3.00%
24 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. Vann Vuochtinh, 36, is a business women who lives in the
Tboung Khmum Province of Cambodia with her husband and two children. She has
earn income from selling pickled cabbage at the market. She purchase fresh cabbages to
pickle and keep for a week to sell. And her husband is a cashew farmer, while
her two children are attend school.
She is now asking for a loan to purchase one hectare farmland for her
husband grow more cashew. She sees this purchase will allow her to increase
her capital and her daily income as well.
Company name | Phillip Bank |
CEO | Vann Vuochtinh |
Founded | 2003-01-01 |
Location | Tboung Khmum |
Sector | Agriculture |
Turnover | €14,057.14 |
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