Phan Chanra
With EUR 13,200 Chanra is able to acquire an excavator to dig up fertile soil and sell that to other farmers.
€13,200
4.00%
48 months
6 months
EUR
CurrencyAmount | €13,200 |
Interest | 4.00% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. PHAN Chanra is married and lives with her husband in Kampong Chhnang province. She is a farmer and trade cow cows to earn a living. For farming, she does two times per years, dry and raining season. About 30-40 percents of the rice output is usually for sell, while remaining is for family. She also trade cows, selling small cows or the thin cows to feed for a period of time then resell for a profit. Every 3-4 months she usually sell 2-3 cows.
Her husband has a business dig and sell the soil. He often go to buy a plot of farmland then he dig the soil to resell. He has three trucks to transport and now he is asking for a loan to purchase an excavator. Before the loan, he rent an excavator to dig the soil.
Mrs. PHAN and her husband sees this loan as a way to increase her income and is confident that her business venture will be successful.
Company name | Phan Chanra |
CEO | Chanra Phan |
Founded | 2007-01-01 |
Location | Kampong Chhnang |
Sector | Agriculture |
Turnover | €31,168.14 |
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 job is created
- With this investment 4 lives are improved