OL Da
With EUR 18,650 Da can have a bigger storage room built for her business in selling organic fertilizers and pesticides.
€18,650
3.25%
36 months
6 months
EUR
CurrencyAmount | €18,650 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Read the information document of the issuer here
Da, 36 years old, is a married woman who lives with her husband and three children in Prey Veng in Cambodia. Together they own a business where they sell organic fertilizers and organic pesticides.
With this loan, she is able to have a bigger storage building built and purchase more fertilizer to sell. This investments improves growth of her business and increases the family income.
Local partner Kredit provides this loan with a maturity of 36 months.
Company name | OL Da |
CEO | Da Ol |
Founded | 2013-01-01 |
Location | Prey Veng |
Sector | Wholesale / Retail |
Turnover | €34,522.03 |
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 3 jobs are created
- With this investment 12 lives are improved