Phan Sophorn
With a loan of EUR 3,400 Sophorn can purchase extra farmland to cultivate cashew and increase her crop yields.
Verkefnið
Read the information document of the issuer here
Sophorn is a 43 year old married woman. She lives with her husband and two children in a village in the Kampong Cham province of Cambodia. For the past 3 years, she and her husband have been earning income from their rice farm and tailoring textiles for fees to support the family’s living.
With a loan she can purchase a farmland to grow cashews on. This loan will allow her to increase her crop yields and income.
Local partner Kredit provides this loan with a maturity of 42 months.
Phillip Bank
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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