funding gap emerging markets
Cambodia

Nhoek Sopheap

  • Phillip Bank
  • Local partner investment
  • + 18 other investors
  • With a loan of EUR 7,000 Nhoek can dig a well and pond as an extra water supply for his pepper farm.

    €7,000
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,000
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 9 days on 21 October 2016.
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      Based on all Lendahand historical investments
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      Summary

      Nhoek Sopheap is 33 and lives in the Tboung Khmum Province of Cambodia. He is a farmer, and he has been working on his pepper farm together with his wife to earn additional income since 2007. 

      Because the weather condition these part years has been difficult that is why Mr. Sopheap is asking for a loan of to dig a well and pond as water supply. The rest of the loan is used to purchase fertilizer and insecticide for his pepper farm. He is confident that this loan will allow him to boost his crop yields and increase his family income. 

      Together with local partner Kredit Lendahand will provide a loan that must be repaid in 24 months.

      Company nameNhoek Sopheap
      CEONhoek Sopheap
      Founded2007-01-01
      LocationTboung Khmum Province
      SectorAgriculture
      Turnover€24,825
      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 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed for Nhoek Sopheap

      Gerard de Jong
      + and another
      18
      investors