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funding gap emerging markets
Cambodia

Oreing

  • Phillip Bank
  • Invest in a Financial Institution
  • + 26 other investors
  • With EUR 12,000 Hkeakhuong is able to buy an appartment and rent out rooms to travelers and drivers.

    €12,000
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€12,000
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 28 April 2016.

      Summary

      Mrs. Oreing Hkeakhuong, 43, is married and lives with two children and her husband in Kampong Cham province. She opens a restaurant along the National Road number 6. This road is connect from Phnom Penh to several main provinces.

      Most of the customers are passengers who drive taxi or bus to their hometown or work place. Because she has a special marketing for any taxi driver or bus driver who stop the passengers to have meal at her restaurant that is why she has many customers to support every day. She also provide meal and soft drink to taxi or bus driver free of charge if they can stop customer to have meal.

      Besides the restaurant business, she is looking for a room renting service. She is requesting for a loan to purchase a flat with two rooms to rent out for an additional profit to support her family. Must be repaid in 48 months. 

      Company nameOreing
      CEOHkeakhuong Oreing
      Founded2000-01-01
      LocationKampong Cham
      SectorServices
      Turnover€56,250
      Employees5

      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 Oreing

      A. Pronk
      Frans Wittenberg
      Elke Krekels
      Joop Singeling
      + and another
      26
      investors