Chhon Khorn
Mr. Chhon is asking for a loan of EUR 8,800 to purchase food for fishes and small fishes to raise.
€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. Chhon Khorn is married and lives with his wife and three school aged children in Kampong Cham province. He has two ponds raising fishes for sell. He usually sells fishes every three to four months.
He has been raising fishes for more than five years, while his wife sells pork, and fishes in the market.
Mr. Chhon is asking for a loan to purchase food for fishes and small fishes to raise.
Company name | Phillip Bank |
CEO | Chhon Khorn |
Founded | 2010-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €92,571.42 |
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