CambodiaTit Sreypov
With a loan of EUR 2,500 Sreypov can buy more hectares of farmland to cultivate more vegetables and increase income.
€2,500
3.25%
30 months
6 months
EUR
Currency| Amount | €2,500 |
| Interest | 3.25% |
| Maturity | 30 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Sreypov, 29 years old, is a married woman who lives in a village in the province Kampong Cham in Cambodia. Together with her husband, she works very hard to raise her family’s income. Her husband works as a farmer, growing vegetables on their farmland and she sells the cultivation every day at the local market.
With this loan, they can expand their farmland in order to grow more vegetables and increase income.
Local partner Kredit provides this loan with a maturity of 30 months.
| Company name | Phillip Bank |
| CEO | Sreypov Tit |
| Founded | 2007-01-01 |
| Location | Kampong Cham Province |
| Sector | Agriculture |
| Turnover | €11,428.57 |
| 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 Tit Sreypov
Manfred Jansen