funding gap emerging markets
Cambodia

Yi Pengnaim

  • Phillip Bank
  • Local partner investment
  • + 25 other investors
  • With a loan of EUR 9,000 Pengnaim is able to purchase a small tractor to work on his pepper farm.

    €9,000
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,000
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 days on 22 November 2016.
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      Invest from €10
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Yi Pengnaim is a hard-working farmer, growing pepper on one hectare of farmland since 2013 to earn as main income to support his family. Pepper plantation is making much more profit since the demand are from EU countries. There is no matter how much he sells the pepper, the dealer are always buy all the pepper. 

      Since the pepper plantation is making more profit to support the family, he is requesting for a loan to purchase a small tractor to work on his farm and grow more pepper.

      Company nameYi Pengnaim
      CEOPengnaim Yi
      Founded2013-01-01
      LocationMemot
      SectorAgriculture
      Turnover€62,162.16
      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 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed for Yi Pengnaim

      Jan Eijgenraam
      Bas Pieters
      + and another
      25
      investors