CambodiaDeab Hon
With a loan of EUR 5,950 Hon is able to purchase one more hectare of farmland, grow more rice and increase her income.
€5,950
3.25%
42 months
6 months
EUR
Currency| Amount | €5,950 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Hon, 50, is a farmer who lives in a village in Kampong Cham province of Cambodia. She and her husband have been cultivating rice to support her family’s living since 2000.
Since her business is getting well from day to day, she has decided to ask for a loan to purchase one more hectare of farmland to grow more rice. She sees this loan is an economic opportunity to expand her farmland, boost her productions, and also increase her family’s profit.
Local partner Kredit provides the loan, which has to be repaid in 42 months.
| Company name | Phillip Bank |
| CEO | Hon Deab |
| Founded | 2000-01-01 |
| Location | Kampong Cham Province |
| Sector | Agriculture |
| Turnover | €66,122.03 |
| 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
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We have already contributed to Deab Hon
Falco ValkenburgJan van MunsterAnnelies Braakman