With a loan of EUR 5,400 Mao is able to raise more ducks and pigs and increase her family income.
Sok Mao, 59, is married and lives with her husband and three employed children in Kampong Cham province. She and her husband are farmers, growing rice and bean to earn a living since they get married. Beside farming, she also trades rice and bean from local farmers to resell to wholesaler. They also raise ducks for eggs and pigs to earn an additional income to support the family.
Sok Mao is now requesting for a loan to raise more ducks and pigs. She hopes that this investment would bring more income for her family.
|Company name||Sok Mao|
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.
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.
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Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- With this investment 2 jobs are created
- With this investment 8 lives are improved