funding gap emerging markets

Lath Oun

  • Phillip Bank
  • Local partner investment
  • + 20 other investors
  • With a loan of EUR 5,600 Lath is able to grow more cashew nuts and increase her income.

    36 months
    6 months
    Maturity36 months
    Repayments6 months
      Fully funded in 6 days on 9 May 2017.
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      Lath, 35, is married mother of three school aged children who lives in Tbong Khmum province of Cambodia. Her family income has been earn from agriculture activities such as cultivating rice, cassava, and cashew to support the living. She and her husband have been working together in the farm for the past 17 years. 

      She is now asking for a loan to grow more cashew and the rest of the loan use to grow rubber. She is confidence that with this loan will allow her to increase her crop yields and her family profits as well.

      Local partner Kredit will provide this loan. 

      Company nameLath Oun
      CEOLath Oun
      LocationTbong khmum


      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 Lath Oun

      A. Pronk
      Richard Tee
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