Porng Sen
With a loan of EUR 4,400 Sen is able to purchase fertilizer and grow more pepper.
€4,400
3.25%
36 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mr. Porng Sen and his wife are hard-working farmers. They have been working as farmers since 2009, growing rice, rubber, and pepper to support their family. The weather conditions have been difficult in Cambodia, and the price of rubber has decreased for these past five years which make some farmers in bad condition.
He is asking for a loan to purchase fertilizer and grow more pepper. He believes this investment would generate more income to improve his family living standard.
Company name | Porng Sen |
CEO | Sen Porng |
Founded | 2012-01-01 |
Location | Memot |
Sector | Agriculture |
Turnover | €24,324.32 |
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