CambodiaKu Tangleng
With a loan of EUR 8,800 Ku is able to expand his pepper farm with 800 more plants and increase his family income.
€8,800
3.25%
48 months
6 months
EUR
Currency| Amount | €8,800 |
| Interest | 3.25% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mr. Ku Tangleng heading the family of three members whom lives in the village in Tbong Khmum province of Cambodia. He is a farmer and has been working together with his wife, Tha Panha, in the pepper farm to making profits for support the family's living since 2010. At that time he and his wife be able to grow only 100 pepper plants. Until now, he can grow the pepper up to 1,600 pepper plants.
Since the demand are increased the price of pepper also increased. The dealers come to buy their products at home or farm. This the reason that shy he is now asking for a loan to grow more 800 pepper plants. He believes this investment will help him to increase his profits and raising his family living as well.
Local partner Kredit will provide the loan which has to be repaid in 48 months.
| Company name | Phillip Bank |
| CEO | Ku Tangleng |
| Founded | 2010-01-01 |
| Location | Tbong Khmum |
| Sector | Agriculture |
| Turnover | €17,699.11 |
| 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 3 jobs are created
- With this investment 12 lives are improved
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We have already contributed to Ku Tangleng
marian koningGert BaasA. Pronk