funding gap emerging markets
Cambodia

River Bell

  • Phillip Bank
  • Local partner investment
  • + 11 other investors
  • With a loan of EUR 8,800 Khun is able to renovate her restaurant in the capital city of Cambodia.

    €8,800
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 31 August 2016.
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      Summary

      Khun Channa, 25, is married and resides in the Phnom Penh city Cambodia. She and her husband, Sieng Mengly, have been running a restaurant, selling foods and drinks for earning an additional income to support the family living. Most of her customer are satisfies her restaurant because it has a good environment with good food while the price is reasonable.

      Khun is now request for a loan to renovate her restaurant. 

      To be repaid in 48 months.

      Company nameRiver Bell
      CEOKhun Channa
      Founded2016-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€108,428.57
      Employees4

      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 3 jobs are created
      • With this investment 12 people are reached

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      We have already contributed for River Bell

      Johan Feddema
      Menne Glas
      + and another
      11
      investors