Kim Roeun
With a loan of EUR 2,550 Kim will be able to purchase a tractor for plowing her land where she is growing rice.
€2,550
3.00%
24 months
6 months
EUR
CurrencyAmount | €2,550 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Kim is married and has three children who lives in the Kampong Cham province of Cambodia. She and her husband working in the farm together for the past 16 years. They have been growing rice and other crop to earn additional income to support the family’s living, typically makes around 17USD daily. She is now asking for a loan to purchase a tractor for plowing. She sees this investment is the good opportunities to better support her farming to reduced hiring costs and increase her family profits.
Company name | Kim Roeun |
CEO | Kim Roeun |
Founded | 2001-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €13,772.88 |
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