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funding gap emerging markets
Cambodia

Yoem Ngor

  • Phillip Bank
  • Invest in a Financial Institution
  • + 14 other investors
  • With a loan of EUR 4,800 Ngor can purchase more farmland in Cambodia to grow cashews.

    €4,800
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,800
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 hours on 28 June 2016.

      Summary

      Mrs. Yoem Ngor, 62, is married mother and lives with her husband and three children in Kampong Cham province. She and her husband have been working as a farmers, growing cashew nuts and cassava since 1996 to make income for her family living. 

      She would like a loan from Kredit to expand her farm. Mrs. Yoem Ngor is asking for a loan of US$5500 to purchase cashew farmland, a purchase that she sees as a good opportunity to increase her family income.

      Company nameYoem Ngor
      CEONgor Yoem
      Founded1996-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€21,238.93
      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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