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funding gap emerging markets
Cambodia

SOK Sothea

  • Phillip Bank
  • Invest in a Financial Institution
  • + 17 other investors
  • With a loan of EUR 5,400 Sothea's daughter is able to purchase more fabrik to produce more clothes.

    €5,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 1 August 2016.

      Summary

      Mrs. Sok Sothea is 37 years old. She is a widowed and works as a garment factory worker in Phnom Penh City, Cambodia. She is also aided by her daughter who is a clothe designer as her family's main income. 

      She is now request for a loan for her daughter to purchase more fabric so that her daughter can produce more clothes for sale.

      Company nameSOK Sothea
      CEOSothea Sok
      Founded2010-01-01
      LocationToul Kork
      SectorManufacturing / Production
      Turnover€27,027.02
      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 SOK Sothea

      Aad Smits
      Ron van Eijk
      + and another
      17
      investors