Doung Pinh
Doung is now asking for a loan of EUR 6,600 to purchase fertilizer and gas to increase her rice output.
€6,600
3.00%
12 months
6 months
EUR
CurrencyAmount | €6,600 |
Interest | 3.00% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
The project
Doung Pinh is 34 years old. She is married, lives in Kampong Cham Province, Cambodia, and is blessed with three children. She makes and sells sweet in the local market. Additionally, she also farms to support her family. Her husband is a blacksmith earning as main income.
She is now asking for a loan to purchase fertilizer and gas to increase her rice output.
Company name | Phillip Bank |
CEO | Doung Pinh |
Founded | 2005-01-01 |
Location | Kampong Cham |
Sector | Wholesale / Retail |
Turnover | €26,694.33 |
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 1 job is created
- With this investment 4 lives are improved