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funding gap emerging markets
Cambodia

Kimla Horn

  • Phillip Bank
  • Invest in a Financial Institution
  • + 43 other investors
  • With EUR 17,600 Kimla is able to acquire a stretch of land where she can build rooms to rent out.

    €17,600
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€17,600
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 29 days on 29 May 2016.

      Summary

      Mrs. Horm Kimla, 33, is married and lives with her husband in Siem Reap province. To earn a living, she and her husband opened a tailor shop with three male employment and one female employment. They both been operating the tailing business since 2012. For the normal clothes like working uniform, Mrs. Kimla can earn USD10 for just a labor, and if customer they purchase the fabric from her own shop she will make an additional income from the fabric as well.

      Kimla want to invest in a renting business so that her family can have more income to support the family. She is requesting for a loan to purchase a plot of land where there are many people living nearby so that she can build room to rent out. She believes that the new investment will bring more income for her family in the future.

      Company nameKimla Horn
      CEOKimla Horn
      Founded2012-01-01
      LocationSiem Reap
      SectorServices
      Turnover€58,407.07
      Employees4

      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 Kimla Horn

      Gert Baas
      Ron van Eijk
      Niek de Bruijn
      Richard Tee
      Jitske Brommet
      + and another
      43
      investors