CambodiaMan Amnas
With a loan of EUR 6,200 Amnas is able to purchase on hectare of farmland to grow cassava to earn more income.
€6,200
3.00%
24 months
6 months
EUR
Currency| Amount | €6,200 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Man Amnas, 35, is married and works as immigrant worker in Malaysia. She imports dry fishes and fermented fishes to sell as a main income to support her family. Every 2-3 months, she order dry fishes and fermented fishes to sell. Her husband is a farmer, growing cassava to earn an additional income. Growing cassava has been a difficult business, as the price is remain low while the production cost is high.
Mrs. Man is asking for a loan for her husband to purchase one hectare of farmland to grow cassava as the price is going better to earn more income to support the family.
| Company name | Phillip Bank |
| CEO | Amnas Man |
| Founded | 2000-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €18,789.18 |
| 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
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We have already contributed to Man Amnas
Menne GlasPeter Scheedler