CambodiaChhon Chihor
Chihor is now asking for a loan of EUR 5,500 to purchase one more hectare of farmland to grow more pineapples.
€5,500
3.00%
12 months
6 months
EUR
Currency| Amount | €5,500 |
| Interest | 3.00% |
| Maturity | 12 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
As a widowed women, Mrs. CHHON Chihor, who living with four school aged children in the Kampong Cham province of Cambodia. Chihor is a hardworking woman and needs to work alone to fund her children needs. Before she grown walnut and corn to sell. Then the price of walnut and corn was decrease and she get less on the profits. So in 2012, she decided replace the walnut and corn to grown pineapples and cashew. Since she grown pineapple and cashew, she get more profits and better support her family funds.
In order to expand her business, she is now asking for a loan to purchase one more hectare of farmland to grow more pineapples. She sees this purchase will allow her to fulfill her customers’ needs and as well as increase her family profits.
| Company name | Phillip Bank |
| CEO | Chihor Chhon |
| Founded | 2012-01-01 |
| Location | Kampong Cham Province |
| Sector | Agriculture |
| Turnover | €17,328.81 |
| 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 jobs are created
- With this investment 4 lives are improved
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We have already contributed to Chhon Chihor
Jan de WitNiek de BruijnPiet van der Kooi