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funding gap emerging markets
Cambodia

Lep Toulors

  • Phillip Bank
  • Invest in a Financial Institution
  • + 12 other investors
  • With a loan of EUR 8,800 Lep is able to purchase a store and stock to start a convenience store.

    €8,800
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,800
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 27 August 2016.

      Summary

      Lep Toulors, 46, lives with four children in Phnom Penh city. He is a migration police officer since 2009 to earn as main income to support his family. To earn more money, he is asking for a loan for his wife to start grocery business at the local market.

      This money is allow him to purchase a local store, groceries and domestics product to sell. He hopes this investment would bring an additional income to support his family.

      Company nameLep Toulors
      CEOLep Toulors
      Founded2016-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€17,857.14
      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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      We have already contributed to Lep Toulors

      Menne Glas
      Gerard de Jong
      Robert Schellekens
      Ron van Eijk
      Marlies Witteveen
      + and another
      12
      investors