CambodiaSor Kemsokh
With a loan of EUR 7,000 Kemsokh is able to expand the capacity to keep ducks on her duck egg farm.
€7,000
4.00%
42 months
6 months
EUR
Currency| Amount | €7,000 |
| Interest | 4.00% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Sor Kemsokh, 43, is married and has three children who
lives in the Siem Reap Province of Cambodia. She and her husband have earn income from raised
duck for eggs to resell and in her farm has around 1100 ducks can produce 900
eggs each day.
In order to expand her business, she is asking for a loan to purchase more
ducks for fatten and the rest of the loan she will purchase duck feeds. She
believe this purchase will allow her to increase her income and raise her
family standard of living.
The loan must be repaid in 42 months.
| Company name | Phillip Bank |
| CEO | Kemsokh Sor |
| Founded | 2007-01-01 |
| Location | Siem Reap Province |
| Sector | Agriculture |
| Turnover | €44,925 |
| 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 2 jobs are created
- With this investment 8 lives are improved
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