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funding gap emerging markets
Cambodia

San Song

  • Phillip Bank
  • Invest in a Financial Institution
  • + 9 other investors
  • With a loan of 10,600 EUR San is able to build four rooms to rent to tourists for additional income.

    €10,600
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€10,600
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 30 June 2016.

      Summary

      Mrs. SONG San is married and lives with her husband in Phnom Penh city. She is a cosmetics seller at the market for about 10 years to earn a living. Every 2-3 months, she goes to Thailand to import cosmetic products in bulk. She often distribute some products to small sellers and keep some to resell.

      She is now request for a loan to make a new investment, building 4 rooms to rent for an additional income to improve standard of living.

      Company nameSan Song
      CEOSan Song
      Founded2005-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€165,663.71
      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 San Song

      Ron van Eijk
      + and another
      9
      investors