Tor Kim

With a loan of EUR 5,250 Kim is able to purchase ducks and expand her business of selling duck eggs.

funding gap emerging markets

Le projet

Read the information document of the issuer here

Kim, 49, is married and lives in the Kampong Cham province with her three children. She and her husband (seen in the picture) work together in the farm, they cultivate rice and cashewnuts for the past 20 years. Now she would like to breed ducks to sell them and their eggs for a profit.

With this loan, Kim can purchase some ducks. She sees this loan as a good economic decision and believes she can both increase her income and raise her standard of living with the purchases.

Local partner Kredit provides the loan, which has to be repaid in 36 months. 

Phillip Bank

PDG
Kim Tor
Création
1992-01-01
Lieu
Kampong Cham Province
Secteur
Agriculture
Chiffre d'affaires
€15 108,47
Employés
1
€5 250collecté
Entièrement financée en 2 jours sur 21 Octobre 2017.
17investisseurs
Investir dans la microfinance
€5 250
Objectif
3.25
%
Intérêt
36
mois
Maturité
6
mois
Remboursements
A
B
C
D
E
Cote de crédit

Impact

1
Emplois créés
4
Vies améliorées

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.