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funding gap emerging markets
Cambodia

Seng Seda

  • Phillip Bank
  • Invest in a Financial Institution
  • + 6 other investors
  • With EUR 17,600 Seda can buy extra refrigerators and AC's for her store and meet the rising demand.

    €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 9 days on 15 June 2016.

      Summary

      Mrs. SENG Seda is married and lives with three children and her husband in Bantheay Meanchey Province. She opens a electronic shop selling air-conditioners and refrigerator from her home near the market, while her husband work as a technician, repair air-conditioners and refrigerator. He also works as electrician and plumber, and sometimes he provide service to connect the electricity to earn an additional income to support the family. 

      Mrs. SENG is now requesting for a loan to purchase more air conditioner and refrigerator to sell. She believes that this investment will bring more income to support her family. The sale will increase as now is the dry season.

      Company nameSeng Seda
      CEOSeda Seng
      Founded2012-01-01
      LocationBantheay Meanchey
      SectorWholesale / Retail
      Turnover€108,849.55
      Employees7

      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 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Seng Seda

      Aad Nootebos
      Robert Schellekens
      + and another
      6
      investors