Heng Ny
With a loan of EUR 4,300 Ny can buy one more hectare of farmland and increase her husband's farming business.
€4,300
3.25%
36 months
6 months
EUR
CurrencyAmount | €4,300 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Read the information document of the issuer here
Ny is 34 years old and lives with her husband and three children in a village in the province Kampong Cham in Cambodia. To support living, she has been selling fish at the local market. Meanwhile her husband is a farmer, growing rice and cashew on their farmland.
With this loan she is able to purchase one more hectare of farmland to increase the cashew harvest. This investment increases her husband's farming business and allows their family-income to grow.
Local partner Kredit provides this loan with a maturity of 36 months.
Company name | Heng Ny |
CEO | Ny Heng |
Founded | 2010-01-01 |
Location | Kampong Cham Province |
Sector | Agriculture |
Turnover | €22,372.88 |
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