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funding gap emerging markets
Cambodia

Hai Rayot

  • Phillip Bank
  • Invest in a Financial Institution
  • + 4 other investors
  • With EUR 4,400 Rayot is able to acquire new music instruments to be rented out to other bands.

    €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 9 hours on 31 August 2016.

      Summary

      Mr. Rayot is 30 years old, lives with his wife in Kampong Cham province, Cambodia. He is a singer and has an instrument renting business since recently, while his wife is a factory worker. 

      Now he is asking for a loan with Kredit MFI to invest in his business. He would like to purchase music instruments for renting to other music band. With this loan he can be able to purchase a bass guitar, an electric guitar, a keyboard, a drummer.

      The loan must be repaid in 36 months. 

      Company nameHai Rayot
      CEORayot Hai
      Founded2007-01-01
      LocationKampong Cham
      SectorServices
      Turnover€9,782.14
      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 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Hai Rayot

      Harry Stein
      Madelien van Manen
      + and another
      4
      investors