funding gap emerging markets
Cambodia

Po Mony

  • Phillip Bank
  • Local partner investment
  • + 14 other investors
  • With EUR 8,800 Po is able to build 5 additional rooms to be rented out to garment factory workers.

    €8,800
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 9 July 2016.
      Choose amount
      Invest from €10
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Mr. PO MONY, 30, is married and lives with his wife in Phnom Penh city. Currently, he rents 10 small rooms to garment factory workers to earn a profit. Each room, he can earn $30-$40 per month, while his wife, DIN Sophars, is a grocery seller from home to help earn an additional income to help support the family.

      Mr. PO MONY is now is requesting for a loan to build 5 more rooms to rent to garment workers. he believes that this investment would bring more income for his family.

      Together with local partner KREDIT will Lendahand provide a loan that must be repaid in 48 months. 

      Company namePo Mony
      CEOPo Mony
      Founded2009-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€58,928.57
      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

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      We have already contributed for Po Mony

      Menne Glas
      + and another
      14
      investors