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funding gap emerging markets
Cambodia

Yun Sakou

  • Phillip Bank
  • Invest in a Financial Institution
  • + 7 other investors
  • With EUR 13,200 Sakou can invest in a new truck to transport construction workers and material to building sites.

    €13,200
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,200
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 14 hours on 7 April 2016.

      Summary

      Yan Sakou is married and lives with two young children and his wife in Siem Reap province. He is a construction foreman, while his wife sells food at a local market. 

      Sakou has been a foreman for more than 10 years, and he usually provide his service by contract for a small construction, building house. Sometimes the contract is only for the labor, it means that the house owner is responsible for the construction materials. However, sometimes the contract can be both labor and construction materials cost. With the construction material contract, he is able to earn more than only the labor service.

      Sakou has 40 construction workers, 30 are male and 10 are female. He is requesting for a loan from KREDIT to purchase a mini truck to both transport his workers and construction materials. The money is to purchase more construction material to meet the current demand. The loan must be repaid in 36 months. 

      Company nameYun Sakou
      CEOSakou Yun
      Founded2005-01-01
      LocationSiem Reap
      SectorServices
      Turnover€117,894.73
      Employees40

      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.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Yun Sakou

      Edwin Tofield
      + and another
      7
      investors