CambodiaLouy Phalla
With a loan of EUR 6,200 Louy will be able to grow more pepper and increase her income.
€6,200
3.25%
30 months
6 months
EUR
Currency| Amount | €6,200 |
| Interest | 3.25% |
| Maturity | 30 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mrs. Louy Phalla is a hard-working farmer. She been working as a farmer since 2007, growing rubber, and pepper to support her family. The weather conditions have been difficult in Cambodia, and the price of rubber has decreased for this past year which make some farmers in bad condition. She, pictured from her home and now she see a good opportunity to increase income to support her family. She is asking for a loan to grow more pepper in order to increase her production and as well as her family profits.
Local partner Kredit will provide this loan.
| Company name | Phillip Bank |
| CEO | Louy Phalla |
| Founded | 2007-01-01 |
| Location | Tbong Khmum |
| Sector | Agriculture |
| Turnover | €22,321.42 |
| 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 2 jobs are created
- With this investment 8 lives are improved
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We have already contributed to Louy Phalla
Jan de Wit