Phan Rong
With EUR 3,800 Rong can buy a tractor to improve the harvest of her rice farm and expand her business.
€3,800
3.25%
30 months
6 months
EUR
CurrencyAmount | €3,800 |
Interest | 3.25% |
Maturity | 30 months |
Repayments | 6 months |
Currency | EUR |
The project
Read the informationdocument of the issuer here
Rong is 41 years old. She is married and resides in Kampong Cham Province, Cambodia. She and her husband have been working in the rice farm to makes profits for daily living since 2000.
With this loan she can purchase a tractor to cultivate the farmland faster. Therefore, her business can grow.
Local partner Kredit provides the loan with a maturity of 30 months.
Company name | Phillip Bank |
CEO | Rong Phan |
Founded | 2000-01-01 |
Location | Kampong Cham Province |
Sector | Agriculture |
Turnover | €10,169.49 |
Employees | 3 |
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