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funding gap emerging markets
Cambodia

Savon Tep

  • Phillip Bank
  • Invest in a Financial Institution
  • + 9 other investors
  • With EUR 5,400 Savon is able to renovate the rooms that she rents out to factory workers.

    €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 2 days on 8 September 2016.

      Summary

      Mrs. Tep Savon, 36, is a widowed mother with two children who lives in the Phnom Penh of Cambodia. She has been working as a garment factory worker inside of this she also has 6 rooms for rent to earn additional income for support the family. 

      She is now requesting for a loan to renovate her 6 room for rent.

      To be repaid in 36 months.

      Company nameSavon Tep
      CEOSavon Tep
      Founded2004-01-01
      LocationPhnom Penh
      SectorServices
      Turnover€15,357.14
      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 Savon Tep

      Menne Glas
      R. Dufour
      + and another
      9
      investors