funding gap emerging markets
Cambodia

Kheng Tang

  • Phillip Bank
  • Local partner investment
  • + 31 other investors
  • With EUR 10,600 Kheng is able to buy a truck to transport products to Vietnam for her recycling business.

    €10,600
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€10,600
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 13 days on 28 May 2016.
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      Summary

      Mrs. KHENG Tang is married and lives with her husband and one child in Prey Veng province. She has a recycling business, buying recycling products from small recyclers in the commune. Most of the recycling products are beer cans, bottles, plastics, and used steel. Every 1-2 times per month, she transports her recycling product to resell at Vietnam border. She has been working as a recycling business buyer for almost 10 years to earn a living to support her family. 

      She is now is asking for a loan to purchase small truck to transport her recycling items to resell at Vietnam border.

      Company nameKheng Tang
      CEOKheng Tang
      Founded2006-01-01
      LocationPrey Veng
      SectorWholesale / Retail
      Turnover€78,371.68
      Employees3

      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 Kheng Tang

      richard sikkel
      Nettie Stougje
      Gert Baas
      Niek de Bruijn
      Elke Krekels
      + and another
      31
      investors