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funding gap emerging markets
Cambodia

Song Sengleang

  • Phillip Bank
  • Invest in a Financial Institution
  • + 20 other investors
  • With a loan of EUR 5,000 EUR Song will be able to diversify her income by starting to trade cassava as well.

    €5,000
    Amount
    3.25%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,000
    Interest3.25%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 6 December 2016.

      Summary

      Song Sengleang is a widowed farmer and lives with her two children in Kampong Cham province. She grows and trades cashew nuts to earn as 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. She is now requesting for a loan to trade cassava and cashew nuts to resell.

      Local partner Kredit provides a loan to Song that must be repaid within 36 months. 

      Company nameSong Sengleang
      CEOSong Sengleang
      Founded2016-01-01
      LocationChamka Leu
      SectorAgriculture
      Turnover€19,090.90
      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 Song Sengleang

      Poul Brands
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      20
      investors