CambodiaSim Chakriya
With a loan of 4.400 euro Sim will be able to grow more rice and increase her income.
€4,400
3.25%
36 months
6 months
EUR
Currency| Amount | €4,400 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Sim (see picture), is 35 and lives with her husband and two children in the village in Kampong Cham province of Cambodia. Since 2015, she and her husband are farmers and have been operating in the rice farm to earn income for support the living.
In order to increase her crop yields, she is now asking for a loan to cultivating rice in this dry season. She thinks this cultivation will help her to increase her profits and as well as her family living standard.
Local partner Kredit will provide this loan.
| Company name | Phillip Bank |
| CEO | Sim Chakriya |
| Founded | 2015-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €18,018.01 |
| 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