CambodiaSim Khunny
Sim is asking for a loan of EUR 4,600 to purchase one hectare fruit farm, in order to increase her stock of fruits to sell.
€4,600
3.25%
36 months
6 months
EUR
Currency| Amount | €4,600 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Sim Khunny is 29 years old and sells fruits in the Tbong Khmum province. Her business has been around for about 11 years. And her family income also aided by her husband who is a construction foreman. Selling fruit has been a difficult business, as there is high inflation and weather conditions that have not been conducive to a good growing season. She is asking for a loan if US$5,000 to purchase one hectare fruit farm, in order to increasing her stock of fruits to sell. She sees this investment as opportunities that will be able to increase her daily income.| Company name | Phillip Bank |
| CEO | Sim Khunny |
| Founded | 2006-01-01 |
| Location | Tbong Khmum |
| Sector | Wholesale / Retail |
| Turnover | €29,671.96 |
| Employees | 3 |
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
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We have already contributed to Sim Khunny
Jos SchreurKoos DekkerFrans EijsermansA. Pronk