Thy Sila
Thy is now applying for a loan of EUR 5,550 to purchase two more hectares of farmland to improve her grove of cashew.
€5,550
3.25%
36 months
6 months
EUR
CurrencyAmount | €5,550 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Read the information document of the issuer here
Originally from a village of Tbong Khmum province of Cambodia, Thy Sila is 30 years old and married. She has been earning income from working in a farm with her husband together, where they growing cashew and cassava for the past five years.
She is now applying for a loan to purchase two more hectares of farmland to improve her grove of cashew. She sees this purchase as allowing her to get more sources of income, increase her profits, and better support her family's living expenses.
Company name | Thy Sila |
CEO | Thy Sila |
Founded | 2012-01-01 |
Location | Tbong Khmum province |
Sector | Agriculture |
Turnover | €14,413.67 |
Employees | 2 |
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