Phillip Bank 2 (KREDIT Cambodia)
With a loan of EUR 72,600 Phillip Bank (formerly known as KREDIT Cambodia) can provide working capital to 6 entrepreneurs.
Phillip Bank Plc is a member of PhillipCapital, an integrated Asian financial house based in Singapore, but operational in 15 countries, including offices in Australia, Cambodia, China (and Hong Kong SAR), France, India, Indonesia, Japan, Malaysia, Singapore, Thailand, Turkey, UK, UAE, USA and Vietnam.
Phillip Bank Plc commenced business in Cambodia in 2009. In 2019, they merged with Lendahand's partner Kredit (an MFI focused providing financial services and training to low-income earners).
With this investment Phillip Bank can provide loans to 6 entrepreneurs in Cambodia.
Brak Chanyary, is a taxi service at Krong Chbamorn. She turns over 39,600US per annum and employs 4 people. She is seeking a loan of 13,000US to increase her working capital requirements.
Khoun Ry, has a transport rental service at Memot. She turns over 8,136US per annum and employs 5 people. She is seeking a loan of 15,000US to increase her working capital requirements.
Ouk Sarorn, has a house rental service at Phnom City of Cambodia, she turns over 19,200 US and employs 3 people. She wishes to increase her profits, then she had taken a fund of 17,000US to build more of house and boost her business.
Rem Bunnarom, is a car cleaner service at Kampong Cham Province of Cambodia. He turns over 9,996US per annum. He employees 5 people and opened a new outlet in Kampong Cham two months ago. He is requesting working capital of 10,000US to boost this new outlet.
At Thea, is a transport service at Memot. She turns over 173,556US per annum and employs 5 people. She is seeking a loan of 10,000US to increase her working capital requirements.
Ta Ra, is a transport rental service at Memot. She turns over 185,628US per annum and employs 5 people. She is seeking a loan of 15,000US to increase her working capital requirements.
|Company name||Phillip Bank 2 (KREDIT Cambodia)|
|CEO||Ong Teong Hoo|
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.
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 12 jobs are created
- With this investment 60 people are reached