Lounh Srong
With a loan of EUR 4,850 Srong is able to purchase a walking tractor to support her agriculture activities.
€4,850
3.25%
42 months
6 months
EUR
CurrencyAmount | €4,850 |
Interest | 3.25% |
Maturity | 42 months |
Repayments | 6 months |
Currency | EUR |
Summary
Srong is 37 years old. She is married and resides with her husband and three children in Kampong Cham Province, Cambodia. She and her husband have been operating in the farm together, where they are cultivating rice, cassava, and selling palm juice since 2002.
With this loan she is requesting to purchase a walking tractor to support her agriculture activities. This purchase will help her to boost her production and also raise her family income.
Local partner Kredit will provide the loan.
Company name | Lounh Srong |
CEO | Srong Lounh |
Founded | 2002-01-01 |
Location | Kampong Cham Province |
Sector | Agriculture |
Turnover | €15,806.45 |
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 2 lives are improved