With EUR 3,000 Vanna can buy 1 extra hectare of farmland to cultivate more rice on the farm and improve her income.
Read the information document of the issuer here
Vanna is 24 years old and lives in the provice of Kampong Cham in Cambodia with her husband and two children. To support living, she has been selling fish and cultivating rice for 4 years.
With this loan she can buy extra farmland, cultivate more rice and increase her income.
Local partner Kredit provides this loan with a maturity of 36 months.
|Company name||Thol Vanna|
|Location||Kampong Cham Province|
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.
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.
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Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- With this investment 1 jobs are created
- With this investment 4 lives are improved