CambodiaMuok Phoeurn
With a loan of EUR 9,000 Phoeurn is able to purchase fertilizer and other farming materials to grow pepper.
€9,000
3.00%
24 months
6 months
EUR
Currency| Amount | €9,000 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Muok Phoeurn, 51, working together with her husband, Yun Set, as farmers since 2009, growing rice and pepper to support the family. For the first time, she was able to grow pepper for half of hectare, but now she can plant for one hectare. The price of pepper is going well for these few years that is why she earns a lot. Phoeurn, pictured from her farm, sees a good opportunity to invest in her pepper farm by grow more pepper to have an additional income to improve her living standard.
She is asking for a loan to purchase fertilizer and other farm material to grow pepper.
| Company name | Phillip Bank |
| CEO | Phoeurn Muok |
| Founded | 2009-01-01 |
| Location | Memot |
| Sector | Agriculture |
| Turnover | €62,389.09 |
| 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
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
Sorry! You must be logged in to view this page.
We have already contributed to Muok Phoeurn
Gerard de JongPeter ScheedlerBernold NieuwesteegHans BierhuisJelle Volckaerts