Nhem
Nehm is now requesting for a loan of EUR 9,000 to purchase farming materials for grow more pepper.
€9,000
3.00%
12 months
6 months
EUR
CurrencyAmount | €9,000 |
Interest | 3.00% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
Summary
Nhem E, 49, is married with three children who lives in the Tboung Khmum Province of Cambodia. She and her husband have been working in a pepper farm together to earn additional income to support the family since 1996.
She is now requesting for a loan to purchase farming materials for grow
more pepper. She sees this investment as an opportunity to increase her
family income and raise her family standard of living.
Company name | Nhem |
CEO | Nhem |
Founded | 1996-01-01 |
Location | Tboung Khmum Province |
Sector | Agriculture |
Turnover | €69,372.97 |
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