Ruos Pov
With EUR 4,400 Pov and her husband can invest in his business of producing stairways and professionalize.
€4,400
3.00%
24 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Rous Pov, 53, is a farmer who lives in the Tboung Khmum
Province of Cambodia with her husband. She has been growing pepper as her main source of income, while Her husband, Ry Pak, 54, has earn
income from construct stairway to sell.
Since this business earn a lot of profits, she is asking for a loan to reinvest
in her husband business. She sees this investment as opportunity to enlarge
her husband business and also increase her daily income.
To be repaid in 24 months.
Company name | Phillip Bank |
CEO | Pov Ruos |
Founded | 2000-01-01 |
Location | Tboung Khmum Province |
Sector | Agriculture |
Turnover | €43,714.28 |
Employees | 2 |
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