CambodiaKoem Kaen
Kaen is now asking for a loan of EUR 6,000 to purchase a new rice mill to improve her business and grow her farm.
€6,000
3.25%
42 months
6 months
EUR
Currency| Amount | €6,000 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Kaen is a 47 year old, married woman who lives in the province of Prey Veng in Cambodia with her husband and children. Together with her husband, she works at their farm where they raise pigs and mill rice for the past 3 years.
With this loan she can buy a new rice mill and add more pigs to the farm. Hereby, she is able to expand her business for additional profits.
Local partner Kredit provides this loan with a maturity of 42 months.
| Company name | Phillip Bank |
| CEO | Kaen Koem |
| Founded | 2015-01-01 |
| Location | Prey Veng |
| Sector | Agriculture |
| Turnover | €13,336.75 |
| 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 2 jobs are created
- With this investment 8 lives are improved
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We have already contributed to Koem Kaen
Piet van der KooiPoul Brands