CambodiaChuon Vanny
Vanny is asking for a loan of EUR 4,850 to build a new barn for her chickens and buy fertilizer for her rubber plantation.
€4,850
3.25%
42 months
6 months
EUR
Currency| Amount | €4,850 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Vanny is 28 years old and lives with her husband and child in the province of Tbong Khmum in Cambodia. She works as a teacher at the local public school since 2011. Meanwhile her husband works as a district administrator. Both of them are also active on their farm, raising chickens and working in the rubber plantation.
With this loan, they can build a chicken cage and buy fertilizer for the rubber plantation. This investment will help her to expand her business and as well as her family profits.
Local partner Kredit provides this loan with a maturity of 42 months.
| Company name | Phillip Bank |
| CEO | Vanny Chuon |
| Founded | 2011-01-01 |
| Location | Tbong Khmum province |
| Sector | Agriculture |
| Turnover | €24,864.40 |
| 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 Chuon Vanny
Piet van der Kooi