funding gap emerging markets
Cambodia

Cheng Oem

  • Phillip Bank
  • Local partner investment
  • + 10 other investors
  • Since the price of pepper are increased, Cheng is now asking for a loan of EUR 4,400 to grow more pepper.

    €4,400
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 12 August 2016.
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      Summary

      Oem Cheng, 34, is a farmer who lives in the Tboung Khmum Province with her husband, Chea Samit.She has been working as a pepper farmer, while her husband is a rubber farmer to earn additional income to support the family since 2007, typically makes around 60USD. 


      Since the price of pepper are increased, she is now asking for a loan to grow more pepper. She sees these investment will allow her to enlarge her farm and increase her income as well.

      Company nameCheng Oem
      CEOCheng Oem
      Founded2007-01-01
      LocationTboung Khmum Province
      SectorAgriculture
      Turnover€19,632.43
      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 people are reached

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      We have already contributed for Cheng Oem

      Ron van Eijk
      Leendert Smit
      + and another
      10
      investors