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funding gap emerging markets
Cambodia

Horn

  • Phillip Bank
  • Invest in a Financial Institution
  • + 25 other investors
  • With a loan of EUR 10,400 Horn can purchase one hectare of pepper plantation and grow his farm.

    €10,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€10,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 13 April 2016.

      Summary

      Mr. ENG Horn, pictured from pepper farmland, lives with his wife and three children Kampong Cham province. He is a farmer growing rice, cassava, and pepper on three hectares of farmland. Currently, the pepper plantation is making more profit since all the demand are from EU counties. 

      To earn more money, he is requesting for a loan to purchase one hectare of pepper plantation and this will be a good investing for him family.

      Local partner Kredit will provide a loan to Horn together with Lendahand. The loan has to be repaid within 24 months.

      Company nameHorn
      CEOHorn Eng
      Founded2009-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€56,715.78
      Employees2

      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 Horn

      Bram Berkelmans
      Aad Smits
      + and another
      25
      investors