ORK Senghean
Senghean is in need of working capital of EUR 4,400 to stock more rice from the villagers for resell.
Projekt
Mrs. ORK, Senghean resides in Prey Veng Province with her husband, AT In, and three school aged children. She and her husband have been working as rice farmers and millers for about 2 years. This couples also raise pigs for sell, and they are able to sell their pigs every 4-6 months.
Actually the milling business is not making an income to support her family, but she can collect rice bran as a fee from her neighbors to feed her pigs. She also trades rice for her additional income to help support her family.
She is now would like to request for a loan to stock more rice from the villagers for resell. She believes that this investment would bring more income to support her family income. In the future, she is going to enlarge her business.
Phillip Bank
Utjecaj
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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