Khom Sokha 2
With a loan of EUR 6,700 Sokha will be able to expand his land so he can cultivate more rice this season.
€6,700
3.25%
48 months
6 months
EUR
CurrencyAmount | €6,700 |
Interest | 3.25% |
Maturity | 48 months |
Repayments | 6 months |
Currency | EUR |
The project
Read the information document of the issuer here
MR. KHOM Sokha, 42 years of aged, is a school director in the Kampong Cham province of Cambodia. He is married and has two school aged children. He has been working as a school director for the past ten years, meanwhile his wife is a grocer.
In order to increase his family profits, he is now asking for a loan to cultivating rice this season. He sees with this loan is a good opportunities to expand his business and raised his family living standard.
Company name | Phillip Bank |
CEO | Sokha Khom |
Founded | 2008-01-01 |
Location | Kampong Cham Province |
Sector | Agriculture |
Turnover | €12,049.18 |
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