CamboyaDuong Pao
With a loan of EUR 8,800 Duong Po is able to prepare her banana/mango farm for the next harvest season.
€8,800
4.00%
36 meses
6 meses
EUR
Moneda| Importe | €8,800 |
| Interés | 4.00% |
| Vencimiento | 36 meses |
| Reembolsos | 6 meses |
| Moneda | EUR |
El proyecto
Mrs. Duong Pao and her husband are farmers and lives with two children in Kampong Cham province. To earn a profit, they grow bananas on 5 hectares of farmland and mangoes on 2 hectares of farmland. This couple can collect bananas output two time per year, while mangoes is one time per year. The bananas and mangoes are sell to local re-seller who bring to sell at Phnom Penh city and other nearby provinces. They also open a grocery store from home to earn an additional profit to support their family.
Mrs. Duong is now requesting for a loan to purchase fertilizer and to invest on her farm to earn more profit. The loan must be repaid in 36 months.
| Nombre de la empresa | Phillip Bank |
| Director general | Duong Pao |
| Fundado | 1994-01-01 |
| Ubicación | Kampong Cham |
| Sector | Agricultura |
| Volumen de negocio | €16,307.14 |
| Empleados | 2 |
Impacto
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.
- Con esta inversión se crean 2 puestos de trabajo
- Con esta inversión se mejoran 8 vidas