CambodiaVun Dane
With a loan of EUR 4,250 Dane is able to purchase a new tractor and increase her family's income.
€4,250
3.25%
42 months
6 months
EUR
Currency| Amount | €4,250 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Dane is 22 years old, married and lives in the province Kampong Cham in Cambodia. She works in a fabric as a garment worker, meanwhile her husband has been working as a tractor driver to plowing farmland for fees since 2015.
With this loan she can purchase a new tractor to cultivate the farmland faster. Therefore, her business can grow.
Local partner Kredit provides this loan with a maturity of 42 months.
| Company name | Phillip Bank |
| CEO | Dane Vun |
| Founded | 2015-01-01 |
| Location | Kampong Cham Province |
| Sector | Services |
| Turnover | €14,533.33 |
| 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 2 lives are improved
- With this investment 1 jobs are created
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We have already contributed to Vun Dane
Gert BaasMarc Sierink