Manh Rortha
With a loan of EUR 5,400 Manh is able to cultivate more rice and increase her yield.
€5,400
3.00%
24 months
6 months
EUR
CurrencyAmount | €5,400 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Manh is 27 years old, married mother of 2 school aged children, lives in the Kampong Cham province of Cambodia. For the past ten years, she has been operating in her rice farm to make profits, while her husband is a fisherman and farmer as well.
Because of the low crop yields for the past year, she is now asking for a
loan to cultivating rice in this dry season in order to increase her crop
yields. She thinks this loan is the good economic opportunities to help her
finance and raise her family living standard.
Local partner Kredit will provide this loan.
Company name | Manh Rortha |
CEO | Manh Rortha |
Founded | 2007-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €14,881.65 |
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