CambodgeChey Youn
With a loan of EUR 4,600 Chey will be able to grow more cashew nuts and cassava in the next season.
€4 600
3,00%
24 mois
6 mois
EUR
Devise| Montant | €4 600 |
| Intérêt | 3,00% |
| Maturité | 24 mois |
| Remboursements | 6 mois |
| Devise | EUR |
Le projet
Chey Youn, 56, is married and resides with her husband and one school-age children in Kampong Cham Province, Cambodia. She and her husband have been growing rice, cashew nuts, and cassava for over 20 years.
Additionally, Her husband also works as dealer, purchase cashew nuts for resell. In order improve her family livelihood, Youn Chey is requesting for a loan to grow more cashew nuts and cassava for the next growing season.
Local partner Kredit provides a loan to Youn that must be repaid within 24 months.
| Nom de l’entreprise | Phillip Bank |
| PDG | Chey Youn |
| Création | 2014-01-01 |
| Lieu | Kampong Cham |
| Secteur | Agriculture |
| Chiffre d'affaires | €17 753,27 |
| Employés | 1 |
Impact
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.
- Grâce à cet investissement 2 emplois sont créés
- Avec cet investissement 8 sont améliorées