CambodiaMat Mom
With a loan of EUR 6,600 Mat and her husband can grow more pepper on their farmland and export to China.
€6,600
3.00%
24 months
6 months
EUR
Currency| Amount | €6,600 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mat Mom, 26, is married and resides with her husband in Tboung Khmum Province, Cambodia. To earn a living, she sells clothes, while her husband works as farmer, growing rice and pepper since 2011 to earn as main income to support family.
The weather conditions have been difficult for farming in Cambodia this past year and the rice and pepper prices are also decrease which make many farmers are in bad condition. The pepper demand is now going better since most of the product are not export to Vietnam and Thailand, but to China as well.
Mom is asking for a loan for her husband to grow more peppers. She sees this investment as a great opportunity to increase daily income and also to improve her standard of living.
| Company name | Phillip Bank |
| CEO | Mat Mom |
| Founded | 2011-01-01 |
| Location | Tboung Khmum |
| Sector | Wholesale / Retail |
| Turnover | €16,353.84 |
| 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