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funding gap emerging markets
Cambodia

KHIEV Hiep

  • Phillip Bank
  • Invest in a Financial Institution
  • + 13 other investors
  • With a loan of EUR 5,400 Hiep is able to expand her farmland and increase her profits.

    €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 8 days on 30 July 2016.

      Summary

      Khiev Hiep, 44, is married and lives with her two children in the Kampong Cham province of Cambodia. She is a rice farmer to earn an additional income to support family, while her husband works in construction. 

      The weather conditions have been difficult for farming in Cambodia and it has caused food prices to skyrocket. In light of these economic difficulties, she is asking for a loan to expand her farmland. In order to increase her profits and possibly raise her standard of living. 

      Company nameKHIEV Hiep
      CEOHiep Khiev
      Founded2010-01-01
      LocationKampong Cham
      SectorAgriculture
      Turnover€9,545.45
      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 2 jobs are created
      • With this investment 8 lives are improved

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