Mey Samorn
With EUR 7,200 Samorn can buy new supplies for her farming business so she can pay school fees for her children.
€7,200
3.25%
42 meses
6 meses
EUR
MonedaImporte | €7,200 |
Interés | 3.25% |
Vencimiento | 42 meses |
Reembolsos | 6 meses |
Moneda | EUR |
El proyecto
Read the information document of the issuer here
Samorn is a 45-year-old married woman with 2 children. She lives in a rural community in the Kampong Cham province in Cambodia.
For the past 7 years, Samorn has been working on her farm with her husband. They cultivate rice to sell within her community and at the local market. With a loan she can pay for additional seedlings, a spray can, and fertilizer to assist her with her farming activities.
She plans to use her profits to support her family and pay school fees for her children.
Local partner Kredit provides the loan with a maturity of 42 months.
Nombre de la empresa | Phillip Bank |
Director general | Samorn Mey |
Fundado | 2010-01-01 |
Ubicación | Kampong Cham Province |
Sector | Agricultura |
Volumen de negocio | €13,423.72 |
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