CamboyaSeng Thy
With a loan of EUR 5,100 Thy can purchase two more hectares of farmland and expand her cashew cultivation.
€5,100
3.25%
36 meses
6 meses
EUR
Moneda| Importe | €5,100 |
| Interés | 3.25% |
| Vencimiento | 36 meses |
| Reembolsos | 6 meses |
| Moneda | EUR |
El proyecto
Read the information document of the issuer here
Thy, 59 years old, lives with her husband in a village in the Kampong Cham province in Cambodia. For two years now, she has been earning income from working at her own farm with her husband together, growing cashew.
With a loan she can purchase two more hectares of farmland to improve her grove of cashew. This will allowe her to get more sources of income, increase her profits, and better support her family's living expenses.
Local partner Kredit provides the loan with a maturity of 36 months.
| Nombre de la empresa | Phillip Bank |
| Director general | Thy Seng |
| Fundado | 2011-01-01 |
| Ubicación | Kampong Cham Province |
| Sector | Agricultura |
| Volumen de negocio | €20,674.57 |
| 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