CambodiaThai Som
With a loan of EUR 5,500 Som can purchase more farmland, increase rice cultivation and expand her business.
€5,500
3.25%
36 months
6 months
EUR
Currency| Amount | €5,500 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Som is 37 years old and lives with her husband and three children in the province of Prey Veng in Cambodia. Together with her husband, she works on their farmland, cultivating rice and raisings pigs.
In order to expand her business, she wants to increase her farmland to be able to grow more rice. This investment will boost her harvest and as well as increase her family income.
Local partner Kredit provides this loan with a maturity of 36 months.
| Company name | Phillip Bank |
| CEO | Som Thai |
| Founded | 1998-01-01 |
| Location | Prey Veng |
| Sector | Agriculture |
| Turnover | €14,271.18 |
| Employees | 4 |
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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