funding gap emerging markets
Cambodia

Nuth Sohtea

  • Phillip Bank
  • Local partner investment
  • + 15 other investors
  • With EUR 8,800 Nuth is able to acquire 4 acres of additional farming land and produce more cassave.

    €8,800
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 23 hours on 25 May 2016.
      Choose amount
      Invest from €50
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Mrs. Nuth Sothea is married and lives with her husband and two children in Kampong Cham province. She and her husband have three trucks, transporting agriculture products such as cashew nuts, corns, rice, mangos, and cassava depending on the season to resell. They sometime buys and sells fire wood for additional income to support the family. Beside the transportation business, they also own 2 hectares of farmland, growing cassava to support their family.

      Mrs. Nuth is now requesting for a loan to purchase 4 more hectares of farmland to grow cassava. This is a big investment and she strongly believes that the cassava plantation will bring more income to help support the family. Must be repaid in 36 months. 

      Company nameNuth Sohtea
      CEONuth Sothea
      Founded2012-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€29,026.78
      Employees16

      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 2 jobs are created
      • With this investment 8 lives are improved

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.