PUM Dalin
With a loan of EUR 8,800 Dalin can start a grocery business to sell his wife's vegetable products.
€8,800
4.00%
36 months
6 months
EUR
CurrencyAmount | €8,800 |
Interest | 4.00% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Mr. PUM Dalin is married and lives with his wife in Kampong Cham province. He is a technician, working in a Ministry of Industry, Mine and Energy. He sometime provide service to connect the electricity for his neighbor to earn an additional income to support the family. His wife is a farmer, growing rice and cassava on 3 hectares of farmland.
To earn more profit, PUM is requesting for a loan for his wife to start a grocery business and the rest of money is used to purchase two hectares of farmland to grow cashew nuts.
Company name | Phillip Bank |
CEO | Dalin Pum |
Founded | 2014-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €84,955.75 |
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 jobs are created
- With this investment 8 lives are improved