CambodiaMath Siet
With a loan of EUR 5,550 Siet will be able to purchase more farmland to grow more rubbers.
€5,550
3.25%
42 months
6 months
EUR
Currency| Amount | €5,550 |
| Interest | 3.25% |
| Maturity | 42 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
MATH Siet, 41 year of aged, is a married man who lives with his beloved wife and five children in the communities in Tbong Khmum province of Cambodia. He is a farmer and has been working in his rubber plantation for the past ten years to earn a living. And her family income also aided by his wife who is a grocer.
In order to expand his business, he is now asking for a loan to purchase more farmland to grow more rubbers. He thinks with this purchase he will boost his production and as well as increase his family profits.
| Company name | Phillip Bank |
| CEO | Siet Math |
| Founded | 2006-01-01 |
| Location | Tbong Khmum province |
| Sector | Agriculture |
| Turnover | €13,271.79 |
| Employees | 2 |
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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