CambodiaTorn Thoeun
With EUR 5,950 Thoeurn is able to purchase one extra hectare of farmland to grow more rice and increase her income.
€5,950
3.25%
48 months
6 months
EUR
Currency| Amount | €5,950 |
| Interest | 3.25% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Thoeun is a 47-year-old married woman with 5 children, all of them are still in school.
She lives in a rural community, of the Kampong Cham province. For 11 years, she has operated in farm with her husband where she cultivates rice that she can sell in her community and at the market to earn a living. For additional profits, she sells varieties of fruits.
She needs a loan to purchase one more hectare of farmland to grow more rice. She plans to use her profits to support her family and pay school fees for her children.
Local partner Kredit provides the loan, which has to be repaid in 48 months.
| Company name | Phillip Bank |
| CEO | Thoeun Torn |
| Founded | 2006-01-01 |
| Location | Kampong Cham Province |
| Sector | Agriculture |
| Turnover | €22,281.35 |
| Employees | 1 |
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
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
We have already contributed to Torn Thoeun
Marlies Witteveen Hans Uppenkamp