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funding gap emerging markets
Cambodia

Mat Vy

  • Phillip Bank
  • Invest in a Financial Institution
  • + 22 other investors
  • With a loan of EUR 8,000 Vy is able to purchase 7 cows to raise and sell and invest in her cashewnut farmland.

    €8,000
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,000
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 6 November 2016.

      Summary

      Vy Mat is a widowed farmer and lives with her child in Tboung Khmum province. She grows cashew nuts and trades cows to earn as a main income to support her family. She has 3 hectares of farmland growing cashew nuts and she is able to collect about 3,000-4,000 dollar profit each hectare per year. For the cow business, she purchase and raise small cows then resell every 6-7 months.


      She is now requesting for a loan to purchase 7 cows and the rest of the money is to invest in her cashew nut farmland. She believes that this investment will increase her family income.

      Company nameMat Vy
      CEOVy Mat
      Founded2006-01-01
      LocationDambae
      SectorAgriculture
      Turnover€26,785.71
      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 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Mat Vy

      Ron van Eijk
      Ruurd Kamphuis
      Frans Wittenberg
      Peter Boot
      + and another
      22
      investors