Ton Chhean

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Cambodia

Ton Chhean

Phillip Bank

Invest in microfinance

+ 11 other investors

With a loan of EUR 6,200 Ton is able to expand her business and increase her income.

€6,200

Amount

3.00%

Interest

24 months

Maturity

6 months

Repayments

EUR

Currency

Amount	€6,200
Interest	3.00%
Maturity	24 months
Repayments	6 months
Currency	EUR

100%

Fully funded in 5 days on 6 September 2016.

The project

Mrs. Ton Chhean was born in 1983, was married with Mr. Nhong Kheng whom resides in the Tboung Khmum Province of Cambodia. She and her husband have been growing pepper to earn additional income to support the living since 2012. In the first year of their farm, they grow pepper only 100 to 200 poles and add more every year. And she need more capital to expand her pepper farm that is why she is asking for a loan of 7000USD to grow more pepper. With this loan will allow to boost her crop yields. She sees this purchase a good investment to expand her business and she is confident it will increase her income.

Company name	Phillip Bank
CEO	Ton Chhean
Founded	2012-01-01
Location	Tboung Khmum Province
Sector	Agriculture
Turnover	€11,989.28
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 Ton Chhean

Ron van Eijk

Bram Berkelmans

+ and another

investors