Khim Han
With a loan of EUR 6,200 Khim will be able to expand her land and increase her production of cashew and cassava.
€6,200
3.25%
36 months
6 months
EUR
CurrencyAmount | €6,200 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Khim Han is 33 and lives with her husband and four children in Tboung Khmum province. She and her husband are hard-working farmers who grow cashew nuts and cassava on five hectares of farmland.
The cashew nut plantation is now five years old, and they are able to collect the output to sell. Khim now requests a loan to purchase farmland to grow more cashew nuts and cassava for additional income to support the family.
Together with local partner Kredit Lendahand will provide a loan that must be repaid in 36 months.
Company name | Phillip Bank |
CEO | Khim Han |
Founded | 2000-01-01 |
Location | Tboung Khmum |
Sector | Agriculture |
Turnover | €22,321.42 |
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