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funding gap emerging markets
Cambodia

Malen Sor

  • Phillip Bank
  • Invest in a Financial Institution
  • + 5 other investors
  • With a loan of EUR 4,400 Malen is able to purchase clothes in bulk, getting a discount and meeting customer demand.

    €4,400
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 10 August 2016.

      Summary

      Mrs. Sor Malen resides in Kampong Cham with her husband and three children. She is a true entrepreneur selling clothes in the downtown market. Every 3-5 months, she goes to Phnom Penh city where she can buy the clothes in bulk to resell. Her husband is a construction foreman in Phnom Penh since 2010.

      Since the clothes business is making as main income to support the family, Malen is now asking for a loan to expand her business by purchase clothes in bulk to have special discount and to meet her customer demand as well.

      Company nameMalen Sor
      CEOMalen Sor
      Founded2011-01-01
      LocationPrey Chor
      SectorWholesale / Retail
      Turnover€71,035.71
      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 Malen Sor

      Menne Glas
      + and another
      5
      investors