funding gap emerging markets
Cambodia

Prak Roem

  • Phillip Bank
  • Local partner investment
  • + 19 other investors
  • With a loan of EUR 12,200 Roem is able to invest in a tractor to plough the land of his cassave farm.

    €12,200
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€12,200
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 11 April 2016.
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      Summary

      Roem is a farmer and lives with his wife and two children in Kampot province. To earn a profit, He grows cassava on 5 hectares of farmland, while his wife sells fry banana, soup noodle, and foods from home.

      Roem is asking for a loan to purchase a tractor to plow his farmland. The tractor is not only to use on his farmland but he also rent to the other farmers to plow the land for an additional income to help support his family. Must be repaid in 36 months.

      Company namePrak Roem
      CEORoem Prak
      Founded2005-01-01
      LocationKampot
      SectorAgriculture
      Turnover€52,284.21
      Employees1

      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 1 job is created
      • With this investment 4 people are reached

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      We have already contributed for Prak Roem

      Marlies Witteveen
      Aad Smits
      + and another
      19
      investors