Yau Vy
With EUR 4,600 Yau is able to dig a well to provide water for her pepper farm.
€4,600
3.25%
36 months
6 months
EUR
CurrencyAmount | €4,600 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
Summary
Yau Vy, 31, is married and lives in the Tbong khmum province with her two children. She and her husband have been cultivating rice and pepper to earn income for support the family living for the past 11 years. Inflation has made prices soar lately in Cambodia, and Yau Vy realized that she needed to expand her farm to increase her income. Her main source of income comes from pepper.
Yau is now asking for a loan of US$5,000 to dig a well that will provide the water for her farm. And the rest of the loan she would like to purchase farming materials to grow more pepper. She sees this loan as a great economic opportunity and believes that she can raise her standard of living.
Local partner Kredit will provide the loan.
Company name | Yau Vy |
CEO | Yau Vy |
Founded | 2006-01-01 |
Location | Tbong Khmum |
Sector | Agriculture |
Turnover | €23,977.57 |
Employees | 2 |
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