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funding gap emerging markets
Cambodia

Thay Hen

  • Phillip Bank
  • Invest in a Financial Institution
  • + 15 other investors
  • With a loan of EUR 8,800 Hen is able to purchase a crane truck and start his own business.

    €8,800
    Amount
    4.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest4.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 days on 18 August 2016.

      Summary

      Mr. Thay Hen, 53, is married and lives with his wife in Phnom Penh city. To earn a living, he works as a crane truck driver for about 20 years as main income to support his family. His wife stays at home and sells food to earn an additional. 

      He is now is requesting for a loan to purchase a mini crane truck to service by his own. He will resign from his current work then drive his own crane. He believes that the new business will bring more income for his family.

      Company nameThay Hen
      CEOHen Thay
      Founded2016-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€77,142.85
      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 Thay Hen

      Menne Glas
      Ron van Eijk
      Arne Driessen
      Gerard de Jong
      Frank Fekken
      + and another
      15
      investors