Peng Port
With a loan of EUR 4,200 Peng is able to purchase one hectare of farmland to grow more rice and cassave.
€4,200
3.25%
36 months
6 months
EUR
CurrencyAmount | €4,200 |
Interest | 3.25% |
Maturity | 36 months |
Repayments | 6 months |
Currency | EUR |
The project
Peng, 52, is a widowed mother of three children who lives in the Tbong Khmum province of Cambodia. She is a hard working woman and has been growing rice, rubber, and cassava to earn income for support family living expenses for the past 8 years.
She is now asking for a loan to purchase one hectare farmland. She sees that this purchase will allow her to increase her asset and better support her family profits.
Local partner Kredit will provide the loan, which has to be repaid in 36 months.
Company name | Phillip Bank |
CEO | Peng Port |
Founded | 2009-01-01 |
Location | Tbong Khmum |
Sector | Agriculture |
Turnover | €12,722.03 |
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