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funding gap emerging markets
Cambodia

Sokpan

  • Phillip Bank
  • Invest in a Financial Institution
  • + 16 other investors
  • With a loan of EUR 5,400 Sokpan is able to grow his business as a grocery wholesaler.

    €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 6 days on 18 September 2016.

      Summary

      Mr. E Sokpan, 34, is married and lives in the Tboung Khmum Province of Cambodia with his six children. He is a grocery wholesaler, and he has been transport groceries from the trader to resell to the seller in the village and nearby village for about three years. And his wife has been selling groceries at home to earn additional income to support the family.


      He is now asking for a loan to enlarge his business by purchasing more groceries to sell. He sees this purchase will allow him to increase his income and raise his family standard of living.

      Company nameSokpan
      CEOSokpan E
      Founded2014-01-01
      LocationTboung Khmum Province
      SectorWholesale / Retail
      Turnover€54,825
      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 Sokpan

      Menne Glas
      + and another
      16
      investors