CambodiaKoal Sreymach
Koal is asking for a loan of EUR 9,000 to purchase more ducks in order to increase the amount of eggs product.
€9,000
5.00%
36 months
6 months
EUR
Currency| Amount | €9,000 |
| Interest | 5.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Koal Sreymach, 29, is married and has three children who lives in the Siem Reap Province of Cambodia. She is a seller in the local market and has been selling duck meat to earn additional income, while her husband earn income from raised animals.
Her husband has been raising duck for eggs to resell. His duck has around 1000 to 1200 and can produce around 900 to 1000 eggs per day.
Since the demand of the customer are increase, she is now asking for a loan for her husband to purchase more ducks for fatten in order to increase the amount of eggs product. She believes this purchase will allow her to increase her family income and raise her standard of living.
| Company name | Phillip Bank |
| CEO | Koal Sreymach |
| Founded | 2007-01-01 |
| Location | Siem Reap Province |
| Sector | Wholesale / Retail |
| Turnover | €57,697.29 |
| 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