Lai Keavy
With EUR 4,800 Lai is able to purchase 1.5 hectares of farmland to grow more cassave and increase his family income.
€4,800
3.25%
36 months
6 months
EUR
CurrencyAmount | €4,800 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mr. Lai Keavy, 52, is married father of two children who lives in the Tbong Khmum province of Cambodia. To support life expenses, he and his wife have been growing cassava to make profits for the past seventeen years.
Since this business going well, he is now asking for a loan to purchase 1,5 hectares farmland to grow more cassava. He thinks with this investment will allow him to increase his crop yields and his family profits as well.
Local partner Kredit will provide the loan, which has to be repaid in 36 months.
Company name | Lai Keavy |
CEO | Lai Keavy |
Founded | 2000-01-01 |
Location | Tbong Khmum |
Sector | Agriculture |
Turnover | €14,956.52 |
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