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funding gap emerging markets
Cambodia

Mom Dany

  • Phillip Bank
  • Invest in a Financial Institution
  • + 11 other investors
  • Since this business makes a profits, Dany is asking for a loan of EUR 5,400 to reinvest in her business.

    €5,400
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,400
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 hours on 1 September 2016.

      Summary

      A business women, Mom Dany is 31 year old who lives in the Phnom Penh of Cambodia with her husband and three children. She and her husband are working together as wholesalers, they purchase salt, fish sauce, and soy sauce to resell.

      Since this business make a lot of profits, she is asking for a loan to reinvest in her business in order to enlarge her stock. She sees this purchase will allow her to increase her daily income and to raise her family standard of living.

      Company nameMom Dany
      CEODany Mom
      Founded2010-01-01
      LocationPhnom Penh
      SectorWholesale / Retail
      Turnover€322,500
      Employees2

      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 Mom Dany

      Menne Glas
      + and another
      11
      investors