CambodiaSom Sreytoch
Som Sreytoch would like a loan of EUR 4,600 to purchase farming materials and grow more pepper.
€4,600
3.25%
36 months
6 months
EUR
Currency| Amount | €4,600 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Som Sreytoch, 18, is a farmer in the Tbong Khmum province of Cambodia. She is married and has a small kid. Her husband, In Seiha, is a farmer as well. She and her husband have been growing cassava, rubber, and pepper to earn income for support the family living for the past 7 years.
Som Sreytoch would like a loan of 5,000 USD to purchase farming materials for grow more pepper. She sees these investments as opportunities that will be able to increase her daily income.
| Company name | Phillip Bank |
| CEO | Som Sreytoch |
| Founded | 2010-01-01 |
| Location | Tbong Khmum |
| Sector | Agriculture |
| Turnover | €14,953.27 |
| Employees | 2 |
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 Som Sreytoch
A. PronkCorné de Haas