Leng Navy
With a loan of EUR 8,450 Navy can improve the rice- and sugar cultivation in dry season and improve her business.
€8,450
3.00%
24 months
6 months
EUR
CurrencyAmount | €8,450 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Read the information document of the issuer here
Navy, 33 years old, is a woman who lives in a village in the Kampong Cham province in Cambodia. Since 2004, she has been operating in her rice farm and selling sugar cane juice to earn to support her living.
In order to increase her crop yields, she needs working capital to be able to improve cultivating in the dry season. This will help her to increase her profits and improve her living standard.
Local partner Kredit provides this loan with a maturity of 24 months.
Company name | Phillip Bank |
CEO | Navy Leng |
Founded | 2004-01-01 |
Location | Kampong Cham Province |
Sector | Agriculture |
Turnover | €24,359.32 |
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