funding gap emerging markets
Cambodia

Chantrea

  • Phillip Bank
  • Local partner investment
  • + 27 other investors
  • With EUR 17,400 Chantrea and her husband can replace their truck to transport stones to a cement factory.

    €17,400
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€17,400
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 8 days on 22 April 2016.
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      Summary

      Mrs. Hoeurng is married and lives with her husband and three young children Kampong Speu province. She is a good housewife stays at home taking good care of her small children. Her husband has a 5 tone mini truct to transport stone (a stone from the mountain to produce as cement) to resell at the cement factory. Everyday, he can transport two times and each transportation he can earn US$35. 

      Currently, the mini truct is abit old and Mrs. Chantrea is request for a loan from KREDIT to replace for a new truct for her husband. The loan must be repaid in 48 months. 

      Company nameChantrea
      CEOChantrea Hoeurng
      Founded2009-01-01
      LocationKampong Speu
      SectorServices
      Turnover€36,842.10
      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 lives are improved

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      We have already contributed for Chantrea

      Joop Singeling
      A. Pronk
      Aad Nootebos
      Martin Pals
      + and another
      27
      investors