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funding gap emerging markets
Cambodia

Ny Sophors

  • Phillip Bank
  • Invest in a Financial Institution
  • + 20 other investors
  • With a loan of EUR 6,200 Ny is able to expand her phone shop and increase her income.

    €6,200
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,200
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 12 October 2016.

      Summary

      Ny Sophors, 54, is a business woman who lives with her only one children and her husband in the Phnom Penh City of Cambodia. She has her own phone shop and has been selling mobile phone to earn additional income to support the living. And her husband is a chief district.
      Now she would like to expand her phone shop but lacks of money that is why, she is asking for a loan to purchase more phone for her shop. She sees this purchase will allow her to increase her income and raise her standard of living.

      Company nameNy Sophors
      CEONy Sophors
      Founded2016-01-01
      LocationPhnom Penh City
      SectorWholesale / Retail
      Turnover€32,142.85
      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 Ny Sophors

      Erik Hamelink
      Poul Brands
      + and another
      20
      investors