Mao Hen
With a loan of EUR 6,400 Hen is able to purchase a tractor to plow her farmland and rent it to other farmers.
€6,400
3.00%
24 months
6 months
EUR
CurrencyAmount | €6,400 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mao Hen is married and lives with two young children and her husband in Kampong Cham province. She is a farmer and raise pigs, while her husband is a construction foreman. Her husband has been a foreman for more than 5 years, and he usually provide his service by contract for a small construction, building house.
She is now asking for a loan to purchase a tractor to plow her farmland. The tractor is not only to use on her farmland but she also rent to the other farmers to plow for an additional income to help support her family.
Company name | Mao Hen |
CEO | Hen Mao |
Founded | 2004-01-01 |
Location | Batheay |
Sector | Agriculture |
Turnover | €13,930.90 |
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