CambodiaTornh Chhin
With a loan of EUR 4,800 Tornh is able to purchase farming materials and grow more pepper.
€4,800
3.25%
36 months
6 months
EUR
Currency| Amount | €4,800 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Tornh Chhin, 60, is a farmer. She is married and living with her beloved husband and her two children in the village in Tbong Khmum province of Cambodia. Since 2011, she has been working in the pepper farm to make profits for support the living, while her husband working in the vegetables and water melon farm.
In order to increase the production, she is now asking for a loan to purchase growing materials to grow more pepper. She thinks that this is a good opportunities for her to increase her crop yields and as well as her family profits.
Local partner Kredit will provide this loan, which has to be repaid in 36 months.
| Company name | Phillip Bank |
| CEO | Tornh Chhin |
| Founded | 2011-01-01 |
| 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 1 job is created
- With this investment 4 lives are improved
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We have already contributed to Tornh Chhin
Jos Schreur