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funding gap emerging markets
Cambodia

Soknan Nhean

  • Phillip Bank
  • Invest in a Financial Institution
  • + 18 other investors
  • With a loan of EUR 6,200 Soknan will be able to buy natural fertilizer and expand her pepper farm.

    €6,200
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,200
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 11 January 2017.

      Summary

      Soknan Nhean , 22, is married and lives with one of her child in the Tboung Khmum province. To earn a living, She has been working as a farmer, growing pepper and rice who typically make a good income to support her family, while her husband fish and makes rice wine to earn an additional.

      Currently, she is asking for a loan to purchase natural fertilizer and grow more pepper. She is confident that this loan will allow her to increase her daily income and to better support her family.

      Local partner Kredit will provide a loan to Soknan that must be repaid within 24 months. 

      Company nameSoknan Nhean
      CEOSoknan Nhean
      Founded2006-01-01
      LocationMemot
      SectorAgriculture
      Turnover€17,307.69
      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 Soknan Nhean

      Poul Brands
      + and another
      18
      investors