funding gap emerging markets
Cambodia

Din Phally

  • Phillip Bank
  • Local partner investment
  • + 9 other investors
  • With a loan of EUR 5,000 Phally will be able to purchase more cassava and bananas for her trading business.

    €5,000
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,000
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 23 hours on 17 October 2016.
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      Summary

      Phally Din, 33, is married and lives with her husband and one child in Kampong Cham province. To earn a living, she grows cassava, bean, and cashew nuts. She also works as a dealer, purchasing cassava and bananas to resell. Din Phally is now asking for a loan to trade cassava and bananas.

      Together with local partner Kredit Lendahand will provide a loan that must be repaid in 12 months.

      Company nameDin Phally
      CEOPhally Din
      Founded2013-01-01
      LocationChamka Leu
      SectorAgriculture
      Turnover€13,636.36
      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.

       

      Related blog articles

      Read more here on how every Phillip Bank project that appears on our platform invests in several local entrepreneurs. 

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed for Din Phally

      Jacques van den Bosch
      Huub Huijsmans
      + and another
      9
      investors