Mak Sambath
With a loan of EUR 4,400 Mak will be able to dig a pond that will provide the water for her farm.
€4,400
3.00%
24 months
6 months
EUR
CurrencyAmount | €4,400 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mak Sambath, 47, is married and lives in the Kampong Cham province with her two children. She has been cultivating rice and cashew to earn income for support the family’s living for the past 5 years. And her husband also aided the family income from working as a construction worker. Inflation has made prices soar lately in Cambodia, and she realized that she needed to expand her farm to increase her income. Her main source of income from cashew farm that is why she is now asking for her first loan with Kredit to dig a pond that will provide the water for her farm. And the rest of the loan she would like to purchase farming supplement to taking care her cashew. She sees this loan as a great economic opportunity and believes that she can raise her standard of living.Company name | Mak Sambath |
CEO | Mak Sambath |
Founded | 2012-01-01 |
Location | Kampong Cham |
Sector | Agriculture |
Turnover | €13,304.34 |
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