Nory Chiem
With a loan of EUR 5,600 Chiem is able to purchase a plot of farmland and start rasing ducks for eggs.
€5,600
3.25%
42 months
6 months
EUR
CurrencyAmount | €5,600 |
Interest | 3.25% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
Summary
Nory Chiem is 32 years old and lives with her husband in Kampong Cham province. Two of her children are in school. She works in garment factory and also farming to earn as main income to support her family. Her husband is a construction worker and help his wife farming when he has free time.
Chiem is now asking for a loan to purchase a plot of farmland and start raising ducks for eggs. Her husband will take care the ducks business since he involve less time with construction work.
Company name | Nory Chiem |
CEO | Chiem Nory |
Founded | 2014-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €16,848.59 |
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