Savun San
With a loan of EUR 7,600 Savun and her husband can irrigate their land and buy natural fertilizer.
€7,600
3.00%
24 months
6 months
EUR
CurrencyAmount | €7,600 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Savun San, 32, is married and lives with her husband and three children in the Tboung Khmum province, Cambodia. She and her husband, Leum Pring, have been working as farmers, growing pepper and raise animals for sell to earn income for about five years.
This year, the weather condition in Cambodia have been difficult for farming as the rain come late which make her spends a lot of money on gas to water the farm. In light of this difficulties, she is asking for a loan to purchase natural fertilizer and prepare irrigation system for pepper plantation. She sees this business opportunity as a way to increase her income and have a higher standard of living.
Local partner Kredit provides a loan to Savun and her husband that must be repaid within 24 months.
Company name | Phillip Bank |
CEO | Savun San |
Founded | 1998-01-01 |
Location | Memot |
Sector | Agriculture |
Turnover | €30,680.76 |
Employees | 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.
- With this investment 3 jobs are created
- With this investment 12 lives are improved