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funding gap emerging markets
Cambodia

Minh Kimchheng

  • Phillip Bank
  • Invest in a Financial Institution
  • + 25 other investors
  • With a loan of EUR 13,200 Minh is able to build 4 more rooms to be rented outbesides the current 6 rooms.

    €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 1 day on 1 June 2016.

      Summary

      Mrs. MINH Kimchheng is married and lives with her husband in Phnom Penh city. To earn a living, She has been selling kid toys in the market for about 6 years. She is one of the wholesalers, and her products are usually sell in bulk to small sellers to resell from their home and some small shop. Every 3 months, she always refill her stock from one of the big market in Phnom Penh city where they mostly sell kid toys so that she got the lower price.

      This couple also has one building with 6 rooms. Currently all the room are rent out. Now Mrs. MINH is requesting for a loan to build another 4 rooms to rent out so that she can have an additional income.

      Company nameMinh Kimchheng
      CEOMinh Kimchheng
      Founded2010-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€29,575.22
      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 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Minh Kimchheng

      Bernold Nieuwesteeg
      Niek de Bruijn
      Erik Hamelink
      Gert Baas
      + and another
      25
      investors