CambodiaSin Thavi
With a loan of EUR 9,000 Thavi is able to purchase one hectare of farmland to grow more pepper.
€9,000
3.25%
36 months
6 months
EUR
Currency| Amount | €9,000 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Sin Thavi is a grocery wholesaler from her house. She mostly stock sugar, cigarette, and other food product in cane. Most of the product are mostly from Vietnam to resell to small sellers in the downtown market. Her husband is a farmer, growing pepper.
This couple is looking for a loan to purchase one hectare of farmland to grow more pepper.
| Company name | Phillip Bank |
| CEO | Thavi Sin |
| Founded | 2015-01-01 |
| Location | Memot |
| Sector | Agriculture |
| Turnover | €42,443.24 |
| 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 3 jobs are created
- With this investment 12 lives are improved
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We have already contributed to Sin Thavi
Jan Eijgenraam