MOEM Ny
With a loan of EUR 5,400 Ny is able to pruchase a waterpump and make an irrigation system.
€5,400
3.00%
24 months
6 months
EUR
CurrencyAmount | €5,400 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. MOEM Ny, 53, is a widowed and works as farmers with one of her son to earn a living since 2007 to earn a meager income. Besides the rice paddy, she also grows pepper to sell to sellers to earn as her main income.
She is now requesting for a loan to purchase a pumping water and make irrigation system for her pepper farmland.
Company name | Phillip Bank |
CEO | Ny Moem |
Founded | 2003-01-01 |
Location | Memot |
Sector | Agriculture |
Turnover | €11,418.18 |
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 1 job is created
- With this investment 4 lives are improved