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funding gap emerging markets
Cambodia

Kim Leangkhorn

  • Phillip Bank
  • Invest in a Financial Institution
  • + 24 other investors
  • With EUR 4,400 Leangkhorns husband Heng is able to purchase a bigger taxi to transport more passengers.

    €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 31 August 2016.

      Summary

      Kim Leangkhorn, 35, is married and lives with her husband and two children in Kampong Cham province. To earn a living she sells groceries, while her husband, Seang Heng, run a taxi service for more than 10 years to earn as main income to support the family. Heng run a taxi from Kampong Cham to Phnom Penh and he is able to run two times per day which is allow him to save 20-30 USD. To earn more money, he is now would like to request for a loan to replace his current small car to a bigger one so that he is able to get more customers.

      Company nameKim Leangkhorn
      CEOLeangkhorn Kim
      Founded2010-01-01
      LocationPrey Chor
      SectorServices
      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.

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

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      We have already contributed to Kim Leangkhorn

      Menne Glas
      Henk Enserink
      + and another
      24
      investors