funding gap emerging markets
Cambodia

Nuon Chanra

  • Phillip Bank
  • Local partner investment
  • + 23 other investors
  • With EUR 8,000 Nuon is able to purchase five more hectares of farmland to grow more rubber and increase her income.

    €8,000
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,000
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 22 July 2017.
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      Summary

      Nuon Chanra, 28, is a resident in the Tbong Khmum province of Cambodia. For the past 16 years, she and her husband have been operating together in the rubber farm to earn income for support the family's living. She started growing rubber in the five hectares of farmland and taking care for around five to six years to get the production. 

      Since the demand of rubber are increased and the dealers come to buy at her farm, so now she is going to purchase five more hectares of farmland to grow more rubber. She is confidence that with this loan will allow her to increase her crop yields and as well as her family profits. 

      Local partner Kredit will provide the loan, which has to be repaid in 42 months. 

      Company nameNuon Chanra
      CEONuon Chanra
      Founded2011-01-01
      LocationTbong Khmum
      SectorAgriculture
      Turnover€17,699.11
      Employees2

      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 2 jobs are created
      • With this investment 8 people are reached

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      We have already contributed for Nuon Chanra

      Albert Stoter
      + and another
      23
      investors