Chan Soeun
Chan is asking for a loan of EUR 5,400 to buy the necessary materials to grow more cashew on her land.
€5,400
3.00%
24 months
6 months
EUR
CurrencyAmount | €5,400 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Chan, 50, is married mother of three children who lives in Kampong Cham province of Cambodia. For the past three years, she and her husband have been cultivating rice and cashew to earning income for support her family’s living.
Due to the shortage of finance, she is now asking for a loan to grow more cashew.
She sees this loan is the economic opportunities to better support her family.
Company name | Chan Soeun |
CEO | Chan Soeun |
Founded | 2014-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €17,757 |
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