CamboyaChhem Yorn
With a loan of EUR 5,200 Yorn is able to purchase an extra plot of farmland to increase her income.
€5,200
3.25%
42 meses
6 meses
EUR
Moneda| Importe | €5,200 |
| Interés | 3.25% |
| Vencimiento | 42 meses |
| Reembolsos | 6 meses |
| Moneda | EUR |
El proyecto
Chhem Yorn is 32 years old. She is married and lives with her husband and two children in Kampong Cham Province, Cambodia. She has been working in farming for over five years, earning a living to support her family. Her husband, Sat Sroeun, is a construction foreman building house earning additionally.
To earn more money, Yorn is requesting a loan to purchase a plot of farmland and construction material for her husband. This money will help her provide better living conditions for her family. In the future, she would like to run an additional business and send her children to a good school.
| Nombre de la empresa | Phillip Bank |
| Director general | Yorn Chhem |
| Fundado | 2004-01-01 |
| Ubicación | Kampong Cham |
| Sector | Agricultura |
| Volumen de negocio | €15,566.03 |
| 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