CambodiaHak Sreylak
In order to increase the production, Hak is now asking for a loan of EUR 6,200 to grow more pepper.
€6,200
3.25%
36 months
6 months
EUR
Currency| Amount | €6,200 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Hak Sreylak, 22, is a farmer. She is married and living with her beloved husband and her only one child in the village in Tbong Khmum province of Cambodia. Since 2010, she and her husband have been working together in the pepper farm to make profits for support the living. After they got married in 2010, her parents has given her 500 pepper plantations as the heritage for her to build up a new family. Until now, She has grow up to 900 pepper plantation. In order to increase the production, she is now asking for a loan to purchase growing materials to grow more pepper. She thinks that this is a good opportunities for her to increase her crop yields and as well as her family profits.| Company name | Phillip Bank |
| CEO | Hak Sreylak |
| Founded | 2010-01-01 |
| Location | Tbong Khmum |
| Sector | Agriculture |
| Turnover | €17,857.14 |
| 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
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We have already contributed to Hak Sreylak
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