Ty Kom
With a loan of EUR 8,600 Ty is able to invest in her farm and grow more cashews to increase her family income.
€8,600
3.25%
36 months
6 months
EUR
CurrencyAmount | €8,600 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Ty Kom is a resident in Kampong Cham province of Cambodia. She is married and has only one children. For the past seventeen year, she and her husband have been working in the farm together to making profits for support the family living.
Due to a shortage of finance, she is now asking for a loan to grow more cashew. She believes with this investment will allow her to increase her crop yields and her family profits as well.
Local partner Kredit will provide the loan, which has to be repaid in 36 months.
Company name | Phillip Bank |
CEO | Ty Kom |
Founded | 2000-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €21,020.68 |
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 3 jobs are created
- With this investment 12 lives are improved