Eang Kimhak
With EUR 6,600 Kimhak is able to purchase a tractor to rent out to other farmers for additional income.
€6,600
3.25%
42 months
6 months
EUR
CurrencyAmount | €6,600 |
Interest | 3.25% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
Summary
Eang Kimhak, 37, is married living with her husband and two children in Kampong Cham Province, Cambodia. Her source of income is from farming and raising pigs, while her husband is a construction worker who earn as main income.
To earn more income, Kimhak is asking for a loan to invest with her relative to purchase tractor to have a renting service.
Company name | Eang Kimhak |
CEO | Kimhak Eang |
Founded | 2002-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €17,307.69 |
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 2 jobs are created
- With this investment 8 lives are improved