funding gap emerging markets
Cambodia

Youn Chey

  • Phillip Bank
  • Local partner investment
  • + 10 other investors
  • With a loan of EUR 4,250 Chey is able to purchase ducks to expand her duck breeding business and increase her income.

    €4,250
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,250
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 26 October 2017.
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      Summary

      Read the information document of the issuer here

      Chey, 57, is married and lives in the Kampong Cham province with her children. She and her husband work together in the farm. They cultivate rice to make profits for the past 20 years. ow she would like to breed ducks to sell them and their eggs for a profit.

      With this loan Chey can purchase ducks and expand her duck breeding business. She sees this loan as a good economic decision and believes she can both increase her income and raise her standard of living with the purchases.

      Local partner Kredit provides the loan, which has to be repaid in 36 months. 

      Company nameYoun Chey
      CEOChey Youn
      Founded1998-01-01
      LocationKampong Cham Province
      SectorAgriculture
      Turnover€13,776.27
      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 lives are improved

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      We have already contributed for Youn Chey

      Jos Schreur
      Ton Schroer
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      investors