funding gap emerging markets
Cambodia

Tang Sokden

  • Phillip Bank
  • Local partner investment
  • + 24 other investors
  • With a loan of EUR 8,450 Sokden is able to buy a new vehicle and increase his business as well as his income.

    €8,450
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,450
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 28 December 2017.
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      Summary

      Read the information document of the issuer here

      Sokden is a man, 25 years old, who lives in the province of Kampong Cham in Cambodia. He works as a butcher at the local market.

      With this loan, he is able to purchase a car for transportation purposes. This investment will help him to increase his capital and as well as his daily profits and therefore increase his business.

      Local partner Kredit provides this loan with a maturity of 36 months.

      Company nameTang Sokden
      CEOSokden Tang
      Founded2012-01-01
      LocationKampong Cham Province
      SectorWholesale / Retail
      Turnover€12,203.38
      Employees4

      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 Tang Sokden

      Ferdie Daanen
      Niek de Bruijn
      Piet van der Kooi
      Jeroen Rust
      Hans Bierhuis
      + and another
      24
      investors