CambodiaKroeng Pha
To earn more income, Kroeng is now asking for a loan of EUR 4,800 to purchase more ducks to raise for duck eggs.
€4,800
3.25%
36 months
6 months
EUR
Currency| Amount | €4,800 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Kroeng Pha, 49, is married and resides with her husband and two children in Kampong Cham Province, Cambodia. She and her husband have been involved in growing agricultural crops and raising ducks for over seven years and are successful in their career. Additional, her husband also involve in construction.
To earn more income, Pha is now asking for a loan to purchase more ducks to raise for duck eggs. She believes that this investment will bring more income to support her family.
| Company name | Phillip Bank |
| CEO | Kroeng Pha |
| Founded | 2009-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €72,057.69 |
| 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
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We have already contributed to Kroeng Pha
Sjoerd Wiersma