With a loan of EUR 5,100 Num will be able to to grow more pepper to boost her crop yields.
Oeur Num, 31, is married and lives in the Tbong khmum province with her two children. She and her husband have been growing pepper to earn income for support the family’s living for the past 6 years. Inflation has made prices soar lately in Cambodia, and Oeur Num realized that she needed to expand her farm to increase her income. Her main source of income from pepper farm that is why she is now asking for a loan of US$6,000 to grow more pepper to boost her crop yields. She sees this loan as a great economic opportunity and believes that she can raise her standard of living.
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.
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