CambodiaPork Riem
With a loan of EUR 4,250 Riem is able to expand her business in vegetables and meet and increase her income.
€4,250
3.25%
36 months
6 months
EUR
Currency| Amount | €4,250 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the infomation document of the issuer here
Riem, 56 years old, is married and has three children. She resides in a village in the province of Kampong Cham in Cambodia. For the past ten years she has been selling various fruits and roasted pork for living.
With this loan, she is able to expand her business. This enables her to purchase more fruit and meat to sell and is a good opportunity to grow her business and increase her family's income.
Local partner Kredit provides this loan with a maturity of 36 months.
| Company name | Phillip Bank |
| CEO | Riem Pork |
| Founded | 2006-01-01 |
| Location | Kampong Cham Province |
| Sector | Wholesale / Retail |
| Turnover | €17,500 |
| 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 5 lives are improved
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We have already contributed to Pork Riem
Gert BaasMarlies Witteveen Marc Sierink