CambodiaSAR Kunthea
With a loan of EUR 8,800 Kunthea's husband is able to buy one hectare of land to grow more pepper.
€8,800
3.00%
24 months
6 months
EUR
Currency| Amount | €8,800 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. SAR Kunthea, 26, is married and lives with her husband and two children who are in school in Memot District, Tboung Khmum Province, Cambodia.
For the past 5 years, she was a vegetable seller at a local market, but currently she is a grocery seller, while her husband grows pepper and sells to both local re-sellers and Vietnam borders.
She is now requesting for a loan from KREDIT to buy one hectare of pepper plantation to grow more pepper. She also hopes that she will get a higher crop yield to improve her standard living conditions and to support her children education.
| Company name | Phillip Bank |
| CEO | Kunthea Sar |
| Founded | 2007-01-01 |
| Location | Memot |
| Sector | Agriculture |
| Turnover | €17,614.28 |
| 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 3 jobs are created
- With this investment 12 lives are improved
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We have already contributed to SAR Kunthea
Marion van Wingerden