CambodiaHorl Len
With a loan of EUR 9,000 Len is able to buy a hectare of farmland to grow cashew nuts to sell in her store.
€9,000
4.00%
36 months
6 months
EUR
Currency| Amount | €9,000 |
| Interest | 4.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Horl Len, 36, is married and lives with her husband in Kampong Cham province. In the past five years, she was a worker collecting rubber for a private company to earn a meager income. Since the profit was small, she has changed to sell grocery from home and works as a reseller, selling cassava and cashew nuts.
She is now would like to make a new investment, by requesting a loan to purchase a hectare of farmland to grow cashew nuts. The plantation will allow her to collect income in 3-4 years.
| Company name | Phillip Bank |
| CEO | Len Horl |
| Founded | 2012-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €50,886.48 |
| 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 Horl Len
Dieske KruisselbrinkMenne GlasElke KrekelsPeter Scheedler