CamboyaMon Sophorn
Mon Sophorn is asking for a loan of EUR 4,800 to purchase a plot of farmland to grow more cashew nuts.
€4,800
3.00%
24 meses
6 meses
EUR
Moneda| Importe | €4,800 |
| Interés | 3.00% |
| Vencimiento | 24 meses |
| Reembolsos | 6 meses |
| Moneda | EUR |
El proyecto
Mon Sophorn, 28, is married and resides with her husband and two children in Kampong Cham Province, Cambodia. She works as garment factory worker and grows rice and cashew nuts to earn as main income to support her family.
Her husband is a construction worker building road, earning additionally. This couple also raise pigs and chickens. Sophorn is asking for a loan to purchase a plot of farmland to grow more cashew nuts and the rest of money is used to trade cashew nuts for resell.
| Nombre de la empresa | Phillip Bank |
| Director general | Mon Sophorn |
| Fundado | 2010-01-01 |
| Ubicación | Kampong Cham |
| Sector | Agricultura |
| Volumen de negocio | €14,524.52 |
| 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 crea 1 puesto de trabajo
- Con esta inversión se mejoran 4 vidas