Khlaing Mom
With EUR 7,200 Mom can buy additional seedlings, a spray can and fertilizer to improve her farming activities.
€7,200
3.25%
48 months
6 months
EUR
CurrencyAmount | €7,200 |
Interest | 3.25% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
Summary
Read the information document of the issuer here
Mom is a 47-year-old woman who lives in a rural community in the province Kampong Cham in Cambodia with her husband and 2 children.
For the past 20 years, Mom and her husband are working at their farm where they cultivate rice. Her husband also works as a taxidriver to add more income. With a loan she can pay for additional seedlings, a spray can, and a fertilizer to assist her with her farming activities.
Local partner Kredit provides this loan with a maturity of 48 months.
Company name | Khlaing Mom |
CEO | Mom Khlaing |
Founded | 1997-01-01 |
Location | Kampong Cham Province |
Sector | Agriculture |
Turnover | €19,335.59 |
Employees | 1 |
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