CambodiaKhuch Chamreun
With EUR 11,400 Khuch is able to rent 25 additional acres of land for his cassave, rice and beans farm.
€11,400
4.00%
48 months
6 months
EUR
Currency| Amount | €11,400 |
| Interest | 4.00% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mr. KHUCH Chamreun is married and lives with his wife in Kampong Cham province. He has been working as a farmer for about 10 years to earn a living. He grows cassava, beans, and rice on 10 hectares of farmland to earn a profit. He also works as a dealer, purchasing cassava and beans to resell at Vietnam border. His wife, SREY, is a professional tailor and opens a tailoring shop from home.
Mr. KHUCH is now requesting for a loan to hire 25 hectares of farmland to grow cassava. This is a big investment and he strongly believes that the cassava plantation will bring more income to help support the family.
| Company name | Phillip Bank |
| CEO | Khuch Chamreun |
| Founded | 2008-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €41,299.11 |
| Employees | 2 |
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 jobs are created
- With this investment 8 lives are improved
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We have already contributed to Khuch Chamreun
Bernold NieuwesteegGert BaasNiek de Bruijn