CambodiaChun Nay
With a loan of EUR 8,450 Nay can add more pigs to her farm and open a little grocery store at home.
€8,450
3.25%
48 months
6 months
EUR
Currency| Amount | €8,450 |
| Interest | 3.25% |
| Maturity | 48 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Nay, 46 years old, lives with her husband and four children in the province of Tbong Khmum in Cambodia. She works as a farmer on a cassava plantation and raises pigs besides that.
With this loan she can add more pigs to her farm and use the rest of the loan to open a grocery store at home. This investment helps her to grow her business and increase family income.
Local partner Kredit provides this loan with a maturity of 48 months.
| Company name | Phillip Bank |
| CEO | Nay Chun |
| Founded | 2007-01-01 |
| Location | Tbong Khmum province |
| Sector | Wholesale / Retail |
| Turnover | €14,088.13 |
| 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 jobs are created
- With this investment 4 lives are improved
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We have already contributed to Chun Nay
Arno HuibersGerard de JongPiet van der Kooi