Orn Ork
With a loan of EUR 4,800 Orn will be able to buy new cows to raise so she can sell them in the future.
€4,800
3.25%
36 months
6 months
EUR
CurrencyAmount | €4,800 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Orn Ork is married and lives with her husband in Kampong Cham province. She is a farmer and trades cows to earn a living. For farming, she does two times per years. About 30-40 percents of the rice output is usually for sell, while remaining is for family.
She usually purchase small cows to breed and resell for a profit. Since the trading cow is making more profit, she is requesting for a loan to purchase small cows to breed.
Local partner Kredit provides a loan to Orn that must be repaid within 36 months.
Company name | Orn Ork |
CEO | Orn Ork |
Founded | 1995-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €13,846.15 |
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