CambodiaSan Chamnan
With EUR 9,000 Chamnan is able to purchase 3 hectares of land for her husband to grow cassave on.
€9,000
3.25%
42 months
6 months
EUR
Currency| Amount | €9,000 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
San Chamnan, 33, is married and lives with her husband in Tboung Khmum province. She is a true entrepreneur, selling grocery and raise pigs and chickens to support her family. Her husband is a farmer who grow cassava and rice to earn additional income.
To earn more income, Chamnan is asking for a loan purchase 3 more hectares for her husband to grow more cassava and the rest of the money she will expand her grocery business.
| Company name | Phillip Bank |
| CEO | Chamnan San |
| Founded | 2004-01-01 |
| Location | Dambae |
| Sector | Agriculture |
| Turnover | €28,181.81 |
| 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 San Chamnan
Gerard de JongMartijn SavenijeElke Krekels