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funding gap emerging markets
Cambodia

LAY Sina

  • Phillip Bank
  • Invest in a Financial Institution
  • + 12 other investors
  • Lay is now asking for a loan of EUR 9,000 to expand her business, purchase more jewelry such as necklace to sell.

    €9,000
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,000
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 31 July 2016.

      Summary

      Mrs. Lay Sina is married and lives with her husband in the Tboung Khmum province, Cambodia. She opens a jewelry shop in the local market, while her husband earns an income from selling chicken meat. She has been selling jewelry for about two years to earn as main income to support her family.

      She is now asking for a loan to expand her business, purchase more jewelry such as necklace, ring to sell. She sees these investments as opportunities that will be able to increase her daily income.

      Company nameLAY Sina
      CEOLay Sina
      Founded2015-01-01
      LocationTboung Khmum
      SectorWholesale / Retail
      Turnover€22,027.02
      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 LAY Sina

      Menne Glas
      Jan Meijberg
      + and another
      12
      investors