CambodiaSorm Samon
With a loan of EUR 6,200 Sorm and Sem will be able to grow more pepper and dig a well and increase their income.
€6,200
3.00%
12 months
6 months
EUR
Currency| Amount | €6,200 |
| Interest | 3.00% |
| Maturity | 12 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Sorm Samon, 51, is a resident in the Tboung Khmum Province of
Cambodia. She is married and has two children. To earn a living, she has been
selling Khmer cake and also aided her husband farm to earn income, while her husband, Sem Tech, is a farmer
and has been cultivating rice, pepper, and durian.
Since the price of pepper are increased, she is now asking for a loan to grow more pepper and to dig a well as water supply. She sees this investment will allow her to increase her family income and raise her family standard of living.
| Company name | Phillip Bank |
| CEO | Sorm Samon |
| Founded | 2006-01-01 |
| Location | Tboung Khmum Province |
| Sector | Agriculture |
| Turnover | €29,421.42 |
| 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
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We have already contributed to Sorm Samon
Jan de Wit