CambodiaSoem Sokkoeurn
With EUR 4,250 Sokkoeurn is able to purchase one more hectare of farmland to grow more rubber and cassava.
€4,250
3.00%
24 months
6 months
EUR
Currency| Amount | €4,250 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Sokkoeurn is married farmer, who lives in the Tbong Khmum province with her husband and her two school aged children. She and her husband have been operating in their rubber and cassava plantation since 2005.
With this loan Sokkoeurn will be able to purchase one more hectare farmland to grow more crops. She believes that this extra source of income will be sustainable and that the farmland can be a valuable tool to increase her standard of living.
Local partner Kredit will provide the loan, which has to be repaid in 24 months.
| Company name | Phillip Bank |
| CEO | Sokkoeurn Soem |
| Founded | 2005-01-01 |
| Location | Tbong Khmum province |
| Sector | Agriculture |
| Turnover | €10,423.72 |
| 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 Soem Sokkoeurn
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