First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
Cambodia

Phon Song

  • Phillip Bank
  • Invest in a Financial Institution
  • + 5 other investors
  • With a loan of EUR 2,550 Phon can purchase organic fertilizer, organic pesticide and fuel for the tractor for farming.

    €2,550
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,550
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 hours on 12 September 2017.

      Summary

      Mrs. Phon Song is 53 years old. She is married and living with her beloved husband in the village in Prey Veng province of Cambodia. She and her husband are farmers and have been cultivating rice since 1983. Because of the weather conditions has been difficult for farming, she is now decided to applying for a loan to purchase organic fertilizer, organic pesticide, fuel for the tractor for farming in this dry season. She believes with this loan will allow her to cultivating rice 2-3 time per years both rainy and dry season to increase her crop yields and as well as her family profits.

      Company namePhon Song
      CEOPhon Song
      Founded1983-01-01
      LocationPrey Veng
      SectorAgriculture
      Turnover€11,922.03
      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.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.