funding gap emerging markets
Cambodia

Ean Chanthan

  • Phillip Bank
  • Local partner investment
  • + 25 other investors
  • With EUR 8,800 Chanthan is able to expand the capacity of her junk shop and increase revenues.

    €8,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 days on 27 October 2016.
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      Summary

      Ean Chanthan, 34, is married and lives with her three children in the Siem Reap Province of Cambodia. To earn a living, she and her husband run a business purchasing and selling junk materials. She purchasing old iron, cans, plastics, cartons, battery, radio, and television from the villagers and resell it to Vietnamese and Thai traders every month.

      Due to a shortage of finance, she is now asking for a loan to invest in her business. She sees this investment as an opportunity to enlarge her capital and increase her daily income.

      To be repaid in 24 months. 

      Company nameEan Chanthan
      CEOChanthan Ean
      Founded2011-01-01
      LocationSiem Reap Province
      SectorWholesale / Retail
      Turnover€27,678.57
      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 2 jobs are created
      • With this investment 8 people are reached

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      We have already contributed for Ean Chanthan

      Ron van Eijk
      Leendert Smit
      Gerard de Jong
      Frank Fekken
      A. Pronk
      + and another
      25
      investors