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funding gap emerging markets
Cambodia

Oun Ney Yen

  • Phillip Bank
  • Invest in a Financial Institution
  • + 15 other investors
  • Ney is in need of working capital of EUR 6,200 to purchase large quantities of areca nuts and create stock.

    €6,200
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,200
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 24 June 2016.

      Summary

      Mrs. OUN Ney Yen, 33, is married and lives with her husband and two children in Kampong Cham province. To earn a living, she buys areca nuts (is the seed of the areca palm that old people especial old women often chewed wrapped in betel leaves) and resell at the market. Mrs. OUN is often drive her motorcycle with the trailer attach to buy areca nuts from her neighbors and resell them at the market. Her husband receives the commission to raise company chickens. He owns his big chicken cage then the company will provide small chickens and food to feed daily. When the chickens are time to sell then the company will buy all the chicken with the contract price.

      Mrs. OUN is now requesting for a loan to reinvest on her areca nuts business. she will use this money to stock areca nuts and resell when the price is good.

      Company nameOun Ney Yen
      CEONey Yen Oun
      Founded2012-01-01
      LocationKampong Cham
      SectorWholesale / Retail
      Turnover€189,557.52
      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.

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

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      We have already contributed to Oun Ney Yen

      A. Pronk
      Corné de Haas
      Dirk Rentmeester
      + and another
      15
      investors