CambodiaKhiev Sok
With EUR 2,600 Sok can buy additional seedlings, a spray can and fertilizer to improve her farming activities.
€2,600
3.00%
24 months
6 months
EUR
Currency| Amount | €2,600 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Sok is a 55-year-old, married woman with 3 children. She lives in a rural community, of the Kampong Cham province.
For the past 20 years, Sok and her husband are active on the farm where they cultivate rice to sell in her community and at the market to earn a living. With this loan she can pay for additional seedlings, a spray can, and fertilizer to assist her with farming activities.
Local partner Kredit provides this loan with a maturity of 24 months.
| Company name | Phillip Bank |
| CEO | Sok Khiev |
| Founded | 1997-01-01 |
| Location | Kampong Cham Province |
| Sector | Agriculture |
| Turnover | €12,435.89 |
| 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 jobs are created
- With this investment 4 lives are improved
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We have already contributed to Khiev Sok
Jan de WitJos Schreur