CambodiaHum Houy
With a loan of EUR 2,550 Houy is able to purchase more farmland to grow more rice and increase his income.
€2,550
3.25%
36 months
6 months
EUR
Currency| Amount | €2,550 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Houy, 45, is married, has five children and lives in the Kampong Cham province of Cambodia. He has been working as a mechanic to earn income for support the daily expenses, while his wife (seen in the picture) runs a grocery store. Both of them also work in the rice farm as their main source of income since 1996.
With this loan he can purchase more farmland and grow more rice since it is growing well. And the rest of the loan, he is going to pay for additional groceries for his wife’s business. He thinks this investment will allow him to increase his crop yields and raise his family’s living.
Local partner Kredit provides the loan, which has to be repaid in 36 months.
| Company name | Phillip Bank |
| CEO | Houy Hum |
| Founded | 1996-01-01 |
| Location | Kampong Cham Province |
| Sector | Agriculture |
| Turnover | €18,132.20 |
| Employees | 4 |
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 Hum Houy
Poul BrandsJan van Munster