CambodiaSrean Soklai
With a loan of EUR 5,000 Soklai is able to buy a new rice mill and expand her farming business.
€5,000
3.25%
36 months
6 months
EUR
Currency| Amount | €5,000 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Soklai is a 34 year old, married woman who lives in the province of Kampong Cham in Cambodia with her husband and children. Together with her husband, she works at their farm where they raise pigs, ducks, and mill rice for the past 9 years.
With this loan she can buy a new rice mill and add more pigs to the farm. Hereby, she is able to expand her business for additional profits.
Local partner Kredit provides this loan with a maturity of 36 months.
| Company name | Phillip Bank |
| CEO | Soklai Srean |
| Founded | 2009-01-01 |
| Location | Kampong Cham Province |
| Sector | Services |
| Turnover | €24,450 |
| 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 lives are improved
- With this investment 1 jobs are created
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We have already contributed to Srean Soklai
Marc SierinkErik Hamelink