CambodiaLet Then
With EUR 4,250 Then can raise more pigs and cultivate more rice to expand her business and improve her income.
€4,250
3.25%
30 months
6 months
EUR
Currency| Amount | €4,250 |
| Interest | 3.25% |
| Maturity | 30 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Let Then, 51 years old, is married and lives in the Kampong Cham province with her husband and three children. For over 20 years, she and her husband work in the farm together, raising pigs and cultivating rice.
With a loan she can pay for rice harvesting costs and more pigs to expand her business. She sees this loan as a wellthought economic decision and believes she can both increase her income and raise her standard of living with the purchases.
| Company name | Phillip Bank |
| CEO | Then Let |
| Founded | 1995-01-01 |
| Location | Kampong Cham Province |
| Sector | Agriculture |
| Turnover | €15,491.52 |
| Employees | 3 |
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 Let Then
Aad NootebosA. Pronk