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funding gap emerging markets
Cambodia

Oeur Sreyvin

  • Phillip Bank
  • Invest in a Financial Institution
  • + 10 other investors
  • With a loan of EUR 6,200 Oeur is able to purchase a car for her husband to transport wood to sell.

    €6,200
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,200
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 13 September 2016.

      Summary

      Oeur Sreyvin, 25, is a grocer who lives in the Kampong Cham Province of Cambodia with her husband and three children. She has been selling groceries such as sugar, salt, soy source, drinks, and other products for about three years. She is also cultivating rice to earn additional income to support the living, while her husband is a firewood seller. Every morning he take firewood to his motorcycle with a trailer and transport it to sell in the village and nearby village.
      Since her husband business is getting well, she is asking for a loan to purchase a car for her husband to transport firewood to sell. She sees this purchase will allow her to enlarge her husband business and increase her family income.

      Company nameOeur Sreyvin
      CEOOeur Sreyvin
      Founded2014-01-01
      LocationKampong Cham Province
      SectorWholesale / Retail
      Turnover€52,767.85
      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 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Oeur Sreyvin

      Gerard de Jong
      Menne Glas
      + and another
      10
      investors