CambodiaVanny Silan
Vanny requests for a loan of EUR 4,400 to purchase another one hectare of rubber plantation.
€4,400
4.00%
36 months
6 months
EUR
Currency| Amount | €4,400 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Vanny Silan is married and lives with her husband in Tboung Khmum province. She is a true entrepreneur, selling grocery products from her home. She has been selling for about for 5 years to earn a living and the business is making a good income to support the family. She also grow five hectares of rubber plantation to earn additional income to help support her family. With the rubber plantation, she is able to hire one full time worker to work on her farm.
Currently the rubber price is going down, and she has stopped selling the rubber output for a while. She is waiting for the rubber price come back to normal then she will hire more farm worker to collect rubber for sale.
Now she would like to request for a loan from KREDIT to purchase another one hectare of rubber plantation.
| Company name | Phillip Bank |
| CEO | Vanny Silan |
| Founded | 2009-01-01 |
| Location | Tboung Khmum |
| Sector | Wholesale / Retail |
| Turnover | €34,684.68 |
| 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 job is created
- With this investment 4 lives are improved
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We have already contributed to Vanny Silan
Harry Stein