Sor Kimsou
With EUR 4,400 Kimsou is able to expand the capacity of her duck farm with 3,000 ducks.
€4,400
3.25%
36 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Sor Kimsou, 50, is married and lives with her four children in
the Siem Reap Province of Cambodia. She and her husband are working together
in their farm since 2008. They are fatten 900 ducks for produce 700 eggs per
day.
Since the demand of the customer are increase, she would like to request
for a loan to purchase 3000 ducks for her farm. She sees this purchase will
allow her to increase her product and her daily income as well.
The loan must be repaid in 36 months.
Company name | Sor Kimsou |
CEO | Kimsou Sor |
Founded | 2008-01-01 |
Location | Siem Reap Province |
Sector | Agriculture |
Turnover | €23,625 |
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