funding gap emerging markets
Cambodia

Tuon Vat

  • Phillip Bank
  • Local partner investment
  • + 23 other investors
  • With a loan of EUR 8,450 Vat is able to purchase more cows for her trading business and thus increase her income.

    €8,450
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,450
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 30 September 2017.
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      Summary

      Vat, 51 (appears in the photo), married and blessed with three school aged children, lives in a village in the Kampong Cham province of Cambodia. To support the family’s living, he and his wife have been earning income from cultivating rice and trading cow since 1998.

      Whit this loan Vat is able to expand her business by cultivating more rice and purchase more cows to sell.

      Local partner Kredit provides the loan, which has to be repaid in 24 months. 

      Company nameTuon Vat
      CEOVat Tuon
      Founded1998-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€9,590.67
      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 Tuon Vat

      Johan van Putten
      Aad Smits
      + and another
      23
      investors