CambodiaThida Sok
With a loan of EUR 7,600 Thida will be able to build an irrigation system and increase her pepper production.
€7,600
3.00%
24 months
6 months
EUR
Currency| Amount | €7,600 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Thida Sok, 23, is married and lives with her husband in Tboung Khmum province. Together with her husband are farmers, growing pepper to earn as main income to support their family. Thida started growing pepper since 2013, and at that time she was able to grow only 100 pepper plantations. So far, her family is able to grow up to 1,000 pepper plantations. The pepper plantation is making much more profit since the demand are from EU countries. There is no matter how much the product they have, the dealer are always buy all the pepper.
She is now is asking for a loan to prepare irrigation system and purchase natural fertilizer. She is confident that this loan will allow her to increase daily income and to better support her family.
Local partner Kredit provides a loan to Thida that must be repaid within 24 months.
| Company name | Phillip Bank |
| CEO | Thida Sok |
| Founded | 2013-01-01 |
| Location | Memot |
| Sector | Agriculture |
| Turnover | €20,450 |
| 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
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 Thida Sok
Jan de WitAad Nootebos