Chhin Cham
With EUR 4,250 Cham can cover the harvesting costs and expand the stores' assortment by adding more groceries.
€4,250
3.00%
24 months
6 months
EUR
CurrencyAmount | €4,250 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
You can read the information document of the issuer here
Cham, 38, is married and lives in the Kampong Cham province with his wife and three children. He and his beloved wife work together in the farm for over 20 years, cultivating rice to make profits. His wife is also selling groceries at home to provide more income.
With a loan he can pay for rice harvesting costs and add more groceries to his wife’s store. He sees this loan as a good economic decision and believes he can both increase his income and raise his standard of living with the purchases.
Local partner Kredit is providing this loan with a maturity of 24 months.
Company name | Chhin Cham |
CEO | Cham Chhin |
Founded | 1999-01-01 |
Location | Kampong Cham Province |
Sector | Agriculture |
Turnover | €17,969.49 |
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