funding gap emerging markets
Cambodia

Sien Khen

  • Phillip Bank
  • Local partner investment
  • + 11 other investors
  • With a loan of EUR 2,550 Khen is able to enlarge her grocery shop by adding more products to the assortment.

    €2,550
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,550
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 hours on 27 December 2017.
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      Summary

      Read the information document of the issuer here

      Khen is a 54 years old, married woman. She own a grocery shop in the province Kampong Cham in Cambodia. Her husband works as a safety guard and fisherman.

      With this loan, she can add more products to her store. This loan will help her to enlarge her business and increase her family income.

      Local partner Kredit provides this loan with a maturity of 38 months. 

      Company nameSien Khen
      CEOKhen Sien
      Founded2014-01-01
      LocationKampong Cham Province
      SectorWholesale / Retail
      Turnover€12,288.13
      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 jobs are created
      • With this investment 4 people are reached

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      We have already contributed for Sien Khen

      Frank Fekken
      Piet van der Kooi
      + and another
      11
      investors