CamboyaOrm Sovankiry
With a loan of EUR 6,000 Sovankiry is able to purchase natural fertilizer and increase the output of pepper.
€6,000
3.00%
24 meses
6 meses
EUR
Moneda| Importe | €6,000 |
| Interés | 3.00% |
| Vencimiento | 24 meses |
| Reembolsos | 6 meses |
| Moneda | EUR |
El proyecto
Orm Sovankiry, 33, is married and lives with his wife and three school aged children in Tboung Khmum province. To earn a living, he and his wife have been planting pepper to earn as main income to support their family. Currently they have 2 hectares of farmland to grow pepper. They are working very hard in order to monitor the development and good health of each vine.
This year, the weather conditions have been difficult in Cambodia, as the rain come late which make this couple spend a lot of money on gas to water the farm.
Sovankiry, pictured with his wife from the farm, is asking for a loan to purchase natural fertilizer and adding fresh soil to increase the output. He is confident that this loan will allow him to increase daily income and to better support his family.
| Nombre de la empresa | Phillip Bank |
| Director general | Sovankiry Orm |
| Fundado | 2011-01-01 |
| Ubicación | Memot |
| Sector | Agricultura |
| Volumen de negocio | €15,104.58 |
| Empleados | 1 |
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