funding gap emerging markets
Cambodia

Say Nang

  • Phillip Bank
  • Local partner investment
  • + 27 other investors
  • With EUR 13,200 Nang is able to acquire 2 acres of additional land to grow cassave plants for her farm.

    €13,200
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,200
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 17 April 2016.
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      Summary

      Mrs. Say Nang, 35, is married and lives with her husband and 3 young children in Kampong Cham province. She is a hard-working farmer who grow cassava on 4 hectares of farmland and rubber 3 hectares of farmland.The weather conditions have been difficult in Cambodia, and the price of rubber has been decreased for these past year which make some farmers are in bad condition. 

      However, the price of cassava and rubber will increase for upcoming year and she will get more income to support her family. She is now is requesting for a loan from KREDIT to purchase two hectares of cassava to earn an additional income.

      Company nameSay Nang
      CEONang Say
      Founded2007-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€17,778.94
      Employees2

      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 Say Nang

      A. Pronk
      Jan de Wit
      Gert Mosterd
      + and another
      27
      investors