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funding gap emerging markets
Cambodia

Chab Phearith

  • Phillip Bank
  • Invest in a Financial Institution
  • + 28 other investors
  • With EUR 13,200 Phearith is able to build a larger roof for the auto repair shop and expand the inventory.

    €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 27 days on 30 May 2016.

      Summary

      Mrs. CHAB Phearith, 25, is a good housewife who stays at home take good care her young child. To earn a living, her husband, Dith Ratha, runs a small car garage from home to service people around the village. Before Ratha owns his small car garage, he was a mechanic for about five years at the big car garage in Phnom Penh city. Now his own car garage has been operated since 2010 and he has many customers to support. Currently, his garage is not only provide repairing service, but he also sell motor spare part car. For the last two years, he is able to hire two men to help support his business and other two men come to learn from him. He is now is applying for a loan from KREDIT to purchase more spare part and build a bigger roof of his car garage. To be repaid in 48 months.

      Company nameChab Phearith
      CEOPhearith Chab
      Founded2010-01-01
      LocationKampong Chhnang
      SectorServices
      Turnover€59,469.02
      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 Chab Phearith

      A. Pronk
      Niek de Bruijn
      Joop Singeling
      Richard Tee
      Jitske Brommet
      + and another
      28
      investors