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funding gap emerging markets
Cambodia

Oeun Yoeun

  • Phillip Bank
  • Invest in a Financial Institution
  • + 25 other investors
  • With a loan of EUR 5,800 Yoeun can buy additional agricultural products.

    €5,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 11 January 2017.

      Summary

      Yoeun Oeun, 43, is married and lives with 2 children in the Tboung Khmum province. To earn a living, he has been working as a farmer, growing beans, rubber, and rice. 

      His wife earn additional income, trading cashew nuts and rubber. The weather conditions have been difficult for farming in Cambodia this past year and the price of rice and rubber has decreased. These factors have played into a difficult economic year for many Cambodians, Yoeun Oeun included. 

      In light of these economic difficulties, he is asking for a loan to purchase natural fertilizer and trade agricultural products. He is confident that this loan will allow him to increase daily income and to better support his family.

      Company nameOeun Yoeun
      CEOOeun Yoeun
      Founded2014-01-01
      LocationMemot
      SectorAgriculture
      Turnover€14,859.61
      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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