San Khen
With EUR 4,400 San is able to invest in a business selling duck eggs next to his rubber and rice farm.
€4,400
3.00%
24 mánuðir
6 mánuðir
EUR
GjaldmiðillUpphæð | €4,400 |
Áhugi | 3.00% |
Gjaldagi | 24 mánuðir |
Endurgreiðslur | 6 mánuðir |
Gjaldmiðill | EUR |
Verkefnið
Mr. San Khen is a hard-working farmer who lives with three children. he has been working as a farmer since 2009, growing rice and rubber to support his family. The weather conditions have been difficult in Cambodia, and the price of rubber has been decreased for these past year which make some farmers in bad condition.
Mr. San is now requesting for a loan to invest in another business, raising ducks for eggs.
Together with local partner KREDIT will Lendahand provide a loan that must be repaid in 24 months.
Fyrirtækjanafn | Phillip Bank |
For the term "CEO," the appropriate translation in Icelandic is "forstjóri." | San Khen |
Stofnað | 2000-01-01 |
Staðsetning | Kampong Cham |
Geiri | Landbúnaður |
Velta | €6,889.28 |
Starfsfólk | 1 |
Áhrif
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.
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