CambodiaNgoern Hen
With a loan of EUR 5,200 Hen thinks this investment will allow her to increase her crop yields and her family profits.
€5,200
3.25%
42 months
6 months
EUR
Currency| Amount | €5,200 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Hen, 40, is married mother of four children living in Kampong Cham province of Cambodia. She and her husband are farmers and have been cultivating rice, cassava, and cashew to making profits for support the life expenses.
Due to a shortage of finance, she is now asking a loan to grow more cashew. She thinks this investment will allow her to increase her crop yields and her family profits.| Company name | Phillip Bank |
| CEO | Hen Ngoern |
| Founded | 2011-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €15,651.72 |
| 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 Ngoern Hen
Manfred JansenBas KleijnenFrank FekkenGert Baas