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funding gap emerging markets
Cambodia

Sath Sreymom

  • Phillip Bank
  • Invest in a Financial Institution
  • + 8 other investors
  • With a loan of EUR 5,400 Sreymoms husband is able to purchase construction materials to build a house.

    €5,400
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,400
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 13 October 2016.

      Summary

      Sath Sreymom is married and lives with two young children and her husband, Sarum, in Kampong Cham province. She is a teacher and earns a meager income while her husband is a construction foreman. Sarum has been a foreman for more than 5 years, and he usually provide his service by contract for a small construction, building house. Sometimes the contract is only for the labor, it means that the house owner is responsible for the construction materials. However, sometimes the contract can be both labor and construction materials cost.

      Sarum is having construction contract to build a house that is why he is asking for a loan to purchase construction material.

      Company nameSath Sreymom
      CEOSath Sreymom
      Founded2014-01-01
      LocationBaray
      SectorServices
      Turnover€15,214.28
      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 Sath Sreymom

      Hans Kramer
      Jaap Boersema
      + and another
      8
      investors