funding gap emerging markets
Cambodia

Chea

  • Phillip Bank
  • Local partner investment
  • + 2 other investors
  • With EUR 13,200 Sokunthea is able to expand the inventory of her shop that sells agricultural products.

    €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 18 hours on 26 April 2016.
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      Summary

      Mrs. CHEA Sokunthea, 25, is married and lives with her husband in Pursat province. From her home, she and her husband opens agricultural product shop. She has opens her shop for more than 6 years and her shop sell many kind of agricultural product such as fertilizer. She is not only supply in the commune she lives, but she also distribute to other district nearby. Most of the product are from Vietnam and Thailand which she got from the original factory that is why she got a special price to compete in the local market.

      Sokunthea is asking for a loan to increase the stock of agricultural product as the growing season is coming. She believes that she will have more income with this investment. 

      Company nameChea
      CEOSokunthea Chea
      Founded2011-01-01
      LocationPursat
      SectorWholesale / Retail
      Turnover€200,123.89
      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

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

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      We have already contributed for Chea

      Harry Stein
      + and another
      2
      investors