Seab Eun
With EUR 4,250 Eun is able to buy one extra hectare of farmland to cultivate more rice and cashew and increase her income .
€4,250
3.00%
24 months
6 months
EUR
CurrencyAmount | €4,250 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Read the information document of the issuer here
Eun is 33 years old, married, and working together with her husband on their rice-, cashew- and cassavefarmland for seven years now.
With the loan, Eun can purchase one more hectare of farmland and other supplies to improve her grove of rice and cashew. She sees this loan as an economic opportunity to expand her farmland, boost her productions, and also increase her family’s income.
Local partner Kredit provides this loan with a maturity of 24 months.
Company name | Seab Eun |
CEO | Eun Seab |
Founded | 2010-01-01 |
Location | Kampong Cham Province |
Sector | Agriculture |
Turnover | €15,491.52 |
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