funding gap emerging markets
Cambodia

Phillip Bank 17 (KREDIT Cambodia)

  • Phillip Bank
  • Local partner investment
  • + 155 other investors
  • With a loan of EUR 41,000 Phillip Bank (before Kredit Cambodia) will be able to provide working capital to 6 entrepreneurs, so they can further expand their companies.

    €41,000
    Amount
    3.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€41,000
    Interest3.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 13 days on 21 October 2020.
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      Invest from €50
      Average investment
      Based on all Lendahand historical investments
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      Project will be fully funded

      Summary

      Given the current situation regarding COVID-19, there is increased uncertainty. Although Phillip Bank is in good shape and agreements have only recently been made with regard to interest and maturities, it is wise to be careful with your investments.

      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).

      Information document issuing entity (NL)

      Information note issuing entitiy (BE)

      With this investment Phillip Bank will be able to finance the following 6 entrepreneurs:

      1. Chhery Sokkea (28) is a cassava farmer. She is requesting a new loan to purchase farm items and she wishes to boost her working capital.
      2. Tep Chet (40) is a bamboo seller in his community and he’d like to take a loan to purchase more bamboo to resale.
      3. Heng Pheara (28) has a vehicle repair shop, he is taking a loan to buy the vehicle repair supplies to stock in his store.
      4. Chhon Navy (30) has a phone shop and he’d like a loan to invest in a Tuk Tuk service in his community.
      5. Sok Kimheang (48) is a traditional spagitti khmer seller in the market and she’d like to take a loan for her son to buy a new car for his Taxi provider service.
      6. Sman Noutsoupfiyany (28, see picture) is a shoes seller in the market at Phnom Penh Cambodia. She is wishing to boost her working capital and by more stock.
      Company namePhillip Bank 17 (KREDIT Cambodia)
      CEONoutsoupfiyany Sman
      Founded2020-09-09
      LocationPhnom Penh
      SectorManufacturing / Production
      Turnover€82,900
      Employees6

      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 2 jobs are created
      • With this investment 30 lives are improved

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      We have already contributed for Phillip Bank 17 (KREDIT Cambodia)

      M. Fleuren
      Ton Schroer
      Anneloes Gerritsen
      Marc Sierink
      Frans Eijsermans
      + and another
      155
      investors