funding gap emerging markets
Cambodia

Lun Tola

  • Phillip Bank
  • Local partner investment
  • + 5 other investors
  • With a loan of EUR 4,400 Lun is able to renovate her roof and attract more customers.

    €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 23 hours on 29 August 2016.
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      Summary

      Mrs. Lun Tola, 59, is married and lives with her husband in Phnom Penh city. To earn a living, she has been selling food from her home to earn as main income since 2013 to support her family. Recently, the roof and the front yard are in bad condition that is why she is asking for a loan to renovate her roof and front yard.

      Company nameLun Tola
      CEOLun Tola
      Founded2013-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€16,071.42
      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed for Lun Tola

      Menne Glas
      + and another
      5
      investors