Or Khorn
With EUR 6,200 Or is able to purchase a water pump and farming materials to grow more pepper.
€6,200
3.00%
24 months
6 months
EUR
CurrencyAmount | €6,200 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Mrs. Or Khorn, 52, is a widowed mother of four children and
lives in the Tboung Khmum Province of Cambodia. To earn the living, she
working a pepper farm for more than ten years. When she is harvesting, the
traders are come to buy the pepper in the farm. So she no need to spend for
transportation costs, it the way that she can get extra income from her
business.
The weather conditions have been difficult for farming that is the reason
Khorn is asking for a loan to purchase a water pump and to buy farming
materials for grow more pepper. She believes that this purchase will allow
her to increase her income and be able to better support her family.
Company name | Phillip Bank |
CEO | Or Khorn |
Founded | 2002-01-01 |
Location | Tboung Khmum Province |
Sector | Agriculture |
Turnover | €20,282.14 |
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