CambodiaThaing Sreynich
With a loan of EUR 4,600 Sreynich is able to purchase rice seeds and fertilizer for her rice farm.
€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
Sreynich, 33, is married and has four children. She living with her beloved husband and four children in the village in Kampong Cham province Cambodia. For the past seventeen years, she and her husband have been working together in the farm, cultivating rice and raising animals to earn income for support the family’s living expenses.
Because the weather conditions have been difficult for farming this past year, she is now asking for a loan to purchase rice seeds, natural fertilizer, and insecticides for her rice farm. She sees these investment will allow her to increase her yields and better support her family profits.
Local partner Kredit will provide the loan, which will be repaid in 36 months.
| Company name | Phillip Bank |
| CEO | Thaing Sreynich |
| Founded | 2000-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €18,867.92 |
| 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
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
We have already contributed to Thaing Sreynich
A. PronkTrees van den HoogenPeter Scheedler