funding gap emerging markets
Cambodia

Chann Narin

  • Phillip Bank
  • Local partner investment
  • + 16 other investors
  • With a loan of EUR 7,400 Chann is able to buy a new and more reliable taxi to increase her family income.

    €7,400
    Amount
    3.25%
    Interest
    42 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,400
    Interest3.25%
    Maturity42 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 14 February 2017.
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      Summary

      Chann, 30, lives with her husband and one school-aged child in Phnom Penh city. She works in a grocery store, selling variety product from her home, while her husband runs a taxi from Phnom Penh to Kampong Cham province. Currently, his car is old and often fix which he spends a lot of money.  

      Narin is now asking for a loan to replace the old an unreliable taxi for her husband.

      Company nameChann Narin
      CEOChann Narin
      Founded2013-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€31,401.86
      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 people are reached

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