Since the price of pepper are increased, Cheng is now asking for a loan of EUR 4,400 to grow more pepper.
4 400 €
|Montant||4 400 €|
Oem Cheng, 34, is a farmer who lives in the Tboung Khmum Province with her husband, Chea Samit.She has been working as a pepper farmer, while her husband is a rubber farmer to earn additional income to support the family since 2007, typically makes around 60USD.
Since the price of pepper are increased, she is now asking for a loan to grow more pepper. She sees these investment will allow her to enlarge her farm and increase her income as well.
|Nom de l’entreprise||Cheng Oem|
|Lieu||Tboung Khmum Province|
|Chiffre d'affaires||19 632,43 €|
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.
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.
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Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs.
- Grâce à cet investissement 1 emploi est créé
- Avec cet investissement 4 sont améliorées