CambodiaChhai Bunteang
With a loan of EUR 7,000 Chhai is able to purchase one hectare of farmland and grow more pepper.
€7,000
3.00%
24 months
6 months
EUR
Currency| Amount | €7,000 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Chhai Bunteang, 32, is married and lives with her three
children in the Tboung Khmum Province of Cambodia. She and her husband
working on the pepper farm together to earn additional income to support the
family living since 2000. She also opens a grocery store at home to aid the family income.
To make more profits, she is asking for a loan to purchase one hectare farmland and the rest of the loan she will use to purchase farming materials to grow more pepper. She sees these purchase will allow her to expand her pepper farm, to boost her crop yields, and increase her family income as well.
| Company name | Phillip Bank |
| CEO | Chhai Bunteang |
| Founded | 2000-01-01 |
| Location | Tboung Khmum Province |
| Sector | Agriculture |
| Turnover | €42,675 |
| 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
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We have already contributed to Chhai Bunteang
Leendert SmitRon van Eijk