CambodiaRina Chhorm
With EUR 5,400 Rina can purchase a plot of farmland. She sees this investment is an opportunities to better support her farm.
€5,400
3.25%
42 months
6 months
EUR
Currency| Amount | €5,400 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Chhorm Rina, 28, is married and has two children who live the Kampong Cham province. Her husband has been earning income from buying and selling recycle materials and also a rice farmer as well. She is a farmer and has been cultivating rice for about 10 years.
Her business is going well every day that why she is now requesting for a loan of 6,400USD to purchase a plot of farmland. She sees this investment is an opportunities to better support her farm and increase her family income as well.
| Company name | Phillip Bank |
| CEO | Rina Chhorm |
| Founded | 2007-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €16,949.15 |
| Employees | 4 |
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
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We have already contributed to Rina Chhorm
Hans BierhuisTon SchroerGerard de Jong