CambodiaBoeurn Dany
With a loan of EUR 5,200 Boeurn is able to purchase materials to grow more pepper in Tbong Khmum.
€5,200
3.25%
36 months
6 months
EUR
Currency| Amount | €5,200 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Boeurn Dany is appears in the photo. She is married and living with her husband and two children in the village in Tbong Khmum province of Cambodia. She and her husband are farmers and have been working together in the pepper farm to make profits for support the living since 2010.
Due to the shortage of finance, she is now asking for a loan to purchase growing materials to grow more pepper. She believes with this loan will allow her to increase her crop yields and increase her family profits as well.
Local partner Kredit will provide the loan, which has to be paid back in 36 months.
| Company name | Phillip Bank |
| CEO | Boeurn Dany |
| 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 2 jobs are created
- With this investment 8 lives are improved
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We have already contributed to Boeurn Dany
Jos SchreurBastiaan Kommers