SARAN Sophalnika
With a loan of EUR 5,400 Sophalnika is able to purchase fertilizer to work on her pepper farmland.
€5,400
3.00%
24 months
6 months
EUR
CurrencyAmount | €5,400 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mrs. SARAN Sophalnika, 28, is married and lives with two young children and her husband in Tboung Khmum province. She and her husband works together as farmers to grow pepper since 2006 to earn a living as main income to support their family.
She is now request for a loan to purchase fertilizer and other agriculture material to work on her pepper farmland.
Company name | SARAN Sophalnika |
CEO | Sophalnika Saran |
Founded | 2006-01-01 |
Location | Memot |
Sector | Agriculture |
Turnover | €10,909.09 |
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