CambodiaChham Sreyhun
With a loan of EUR 8,800 Chham is able to grow more lotus and purchase more fish to sell.
€8,800
3.25%
42 months
6 months
EUR
Currency| Amount | €8,800 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Chham Sreyhun, 35, is a married mother of four children whom resides in Phnom Penh Province of Cambodia. She is a seller and has been selling fish in the local market to earn income for support the family's living since 2009. Evey morning, she get up around 3 to 4 AM and go to purchase fish from the wholesale fish store for about 20 to 30 kg to sell per day. And her husband is a 37 years old man who is operating in the lotus plantation to add family profits for the past ten years.
Since the price of lotus has been increased, she is now decided to applying for a loan to grow more lotus and the rest of the loan use to purchase more fishes for sell. She thinks with this loan is an economic opportunities to raise her family living standard.
Local partner Kredit will provide the loan, which has to be repaid in 42 months.
| Company name | Phillip Bank |
| CEO | Chham Sreyhun |
| Founded | 2010-01-01 |
| Location | Phnom Penh |
| Sector | Agriculture |
| Turnover | €22,123.89 |
| Employees | 3 |
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 3 jobs are created
- With this investment 12 lives are improved
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We have already contributed to Chham Sreyhun
Frank Fekkenmarian koningA. Pronk