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funding gap emerging markets
Cambodia

Theng Sorphea

  • Phillip Bank
  • Invest in a Financial Institution
  • + 25 other investors
  • With a loan of EUR 13,200 Sorphea can built 5 rooms to rent and therefore increase her monthly income.

    €13,200
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€13,200
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 12 April 2016.

      Summary

      Mrs. THENG, Sorphea is married and live with her husband and four employed children. All of her children are working in Casino at Vietnam border. Living, she sells variety of cosmetic products to her customer from her home.

      To earn more profit to support her family, she is requesting for a loan from KREDIT to build 5 rooms to rent. She is expecting for another 300USD of net income from the renting when the construction is finish.

      Company nameTheng Sorphea
      CEOSorphea Theng
      Founded2008-01-01
      LocationPailin
      SectorWholesale / Retail
      Turnover€30,789.47
      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.

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

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      We have already contributed to Theng Sorphea

      Erik Hamelink
      Rinus Knuit
      + and another
      25
      investors