CambodiaSokh Soung
With a loan of EUR 2,700 Sokh can purchase rice seeds, organic fertilizer and organic pesticide to grow her farm.
€2,700
3.00%
24 months
6 months
EUR
Currency| Amount | €2,700 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Mr. Soung Sokh is 53 years old. She is married and living with his beloved wife and his two children in the village in Kampong Cham province of Cambodia. He and his wife are farmers and have been cultivating rice to makes profits for support the family’s living since 1990. Because of the weather conditions has been difficult for farming, she is now decided to applying for a loan to purchase rice seeds, 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 name | Phillip Bank |
| CEO | Sokh Soung |
| Founded | 1990-01-01 |
| Location | Kampong Cham |
| Sector | Agriculture |
| Turnover | €16,610.16 |
| 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
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We have already contributed to Sokh Soung
Manfred JansenRon van Eijk