CambodiaKhi Sotdeuvy
With a loan of EUR 26.200 Khi is able to invest in a tractor to help her plough her farmland.
€26,200
4.00%
48 months
6 months
EUR
Currency| Amount | €26,200 |
| Interest | 4.00% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
KHI Sotdeuvy is married and lives with her husband and two of her children who are in school in Tram Kak province. To earn a living, she opens and sells variety of groceries from her home near taxi station which is very close to the local market. She sells bakeries, food that is packaged in cans, drinking water, beers, and more. Most of her customers are passengers which usually travel from Phnom Penh to their home town. Her husband is a farmer, and he grows avocado, taro, guava, and cassava on 2 hectares of farmland.
The loan request is mainly used to purchase a tractor to work on farmland, and the rest of the money is to both reinvest on grocery business and fertilizer.
They both hope that the purchase of tractor, will allow them to save from hiring neighbor tractor to plow their farmland and they also earn an income from hiring their tractor to plow other neighbor farmland to earn an income.
| Company name | Phillip Bank |
| CEO | Khi Sotdeuvy |
| Founded | 2005-01-01 |
| Location | Tram Kak province, Phnom Penh, Cambodia. |
| Sector | Agriculture |
| Turnover | €68,421.05 |
| Employees | 5 |
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 job is created
- With this investment 4 lives are improved
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
We have already contributed to Khi Sotdeuvy
Joop SingelingTammo Bootz